Auction Guide Price £80,000 - SOLD FOR £ 82,000 - Sold Subject To Contract

London Road, North End, Hampshire

2 bedroom - Flat

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TO BE SOLD BY PUBLIC AUCTION THURSDAY 21st NOVEMBER 2019.GUIDE PRICE: £80,000-£85,000.OF INTEREST TO INVESTORS IN PARTICULAR: the conveniently situated TWO BEDROOM TOP FLOOR FLAT with replacement double-glazing. Currently vacant and having potential rental yield of around 9.5% p.a. gross.London Road, a mixed commercial/residential thoroughfare, runs from Kingston Road to Hilsea Roundabout, No. 187 being on the west side a short distance from the junction with Minster Road. This position places a wide range of public amenities within a radius of some one mile only, including local shops, motorway links, recreation facilities, and various schools.

The apartment is one of two residential units, above shop premises, within a substantial end-terrace late-Victorian property having brick elevations under a modern tiled roof. Previously occupied by the vendor, now empty, it is considered a very attractive, modestly priced addition to any investment portfolio, having a projected return of around £650 p.c.m. Full particulars are given as follows:

Having front door with stairs beyond to:

Private door to:

Access to Loft Space.

LIVING ROOM 15'10 x 10'4
Pair of UPVC replacement double-glazed windows to front elevation. Doorway to:

KITCHEN 9'8 x 7'11
Fitted base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel sink unit. Electric cooker point. Plumbing for washing machine. UPVC replacement double-glazed window to side elevation.

White suite comprising: panelled bath with 'Triton' shower unit, pedestal handbasin with mixer tap, and low flush w.c. UPVC replacement obscure double-glazed window.

BEDROOM ONE 9'8 x 9'6
UPVC replacement double-glazed window to rear elevation.

BEDROOM TWO 8'6 x 6'2
UPVC replacement double-glazed window to side elevation.

TENURE: 224 years Leasehold from 25.03.1988.
MAINTENANCE CHARGE: 1/3 of annual outgoings for the building. For details see Legal Pack.
GROUND RENT: £120 p.a.

By appointment with AUCTIONEERS,
D. M. NESBIT & CO.(17220/024072)

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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

Kim Evans - Senior Negotiator

Hannah Prichard - Sales Negotiator

Jackie Evans - Sales Negotiator

Alison Weeden - Secretary


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