CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £125,000 - Available

East Lodge Park, Farlington, Hampshire

2 bedroom - Flat
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Description

TO BE SOLD BY PUBLIC AUCTION THURSDAY 21st NOVEMBER 2019.GUIDE PRICE: £125,000+OF INTEREST TO INVESTORS ONLY: the well-situated purpose-built TWO BEDROOM FIRST FLOOR FLAT with replacement double-glazing, electric heating, two balconies, and the considerable asset of a PRIVATE GARAGE. Currently LET and producing £8,700 p.a. - equivalent to a GROSS RETURN OF 7% APPROX.East Lodge Park is a group of three-storey 1960s'' apartment blocks enjoying a cul-de-sac position immediately south of the main Havant Road, diagonally opposite the junction with Old Rectory Road. This pleasant and popular residential location is convenient to a wide range of public amenities, including: motorway links, recreation facilities, local shops, supermarket, and schools.

As stated, the property is subject currently to an Assured Shorthold Tenancy for a period of one year from 8th February 2019 (expiring 07.02.2020) at a rent of £725 p.c.m. With its healthy yield it is considered a very worthwhile addition to any investment portfolio. Full particulars are as follows:


Steps up to CANOPIED ENTRANCE with obscure double-glazed main door to:

COMMON LOBBY
Stairs to upper floors. Rear entrance door (to garages).

FLAT 36

ENTRANCE HALL
Artex ceiling. Built-in cloaks cupboard.

BATHROOM & W.C.
White suite comprising: panelled bath, pedestal handbasin, and low flush w.c. Tiled surround to bath and splashback to basin. Built-in airing cupboard housing lagged hot water tank. Extractor. UPVC replacement obscure double-glazed window.

KITCHEN 10'0 x 6'10
Fitted and equipped with: base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel inset sink with mixer tap, electric oven, and 4-ring electric hob with extractor canopy. Built-in storage cupboard. UPVC replacement double-glazed window. Artex ceiling.

BEDROOM ONE 12'4 x 10'10
Artex ceiling. Double built-in wardrobe. Night storage radiator. Electric heater. UPVC replacement double-glazed window; adjacent similar door to:

BALCONY ONE
With easterly aspect.

BEDROOM TWO 10'11 x 7'11
Artex ceiling. UPVC replacement double-glazed window. Night storage radiator. Electric heater.

LIVING ROOM 16'5 x 10'10
Artex ceiling. Night storage radiator. Electric heater. UPVC replacement double-glazed window; adjacent similar door to:

BALCONY 2
With westerly aspect.

OUTSIDE
PRIVATE SINGLE GARAGE (No.12).

GENERAL INFORMATION
Tenure: Leasehold from February 1973 (79 years remaining)
Maintenance Charge: See Legal Pack.
Council Tax: Band 'B' - £1,295.66 p.a. (2019/20)


VIEWING
By appointment with AUCTIONEERS,
D. M. NESBIT & CO.
(17219/018975)




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Key Contacts

Southsea Office

7 Clarendon Road, Southsea, Portsmouth
Hampshire PO5 2ED

Tel: 023 9286 4321

Robin Evans - Head of Residential Sales
robinevans@nesbits.co.uk

Kim Evans - Senior Negotiator
kimevans@nesbits.co.uk

Hannah Prichard - Sales Assistant
hannah@nesbits.co.uk

Jackie Evans - Sales Assistant
jackie@nesbits.co.uk

Alison Weeden - Secretary
alisonw@nesbits.co.uk

RICS

Nesbit properties are on rightmove