CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £100,000 - SOLD FOR £ 98,000 - Available

Albert Road, Hampshire

1 bedroom - Flat
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Description

TO BE SOLD BY PUBLIC AUCTION THURSDAY 27th FEBRUARY 2020.GUIDE PRICE: £100,000.OF INTEREST TO INVESTORS IN PARTICULAR: the very conveniently situated VACANT ex-rental ONE BEDROOM PURPOSE-BUILT FIRST FLOOR APARTMENT with equipped kitchen, gas central heating, and replacement double-glazing.A prominent mixed commercial/residential address, Albert Road runs west-to-east from Victoria Road South to Highland Road, No. 158 being on the south side close to the junction with Leopold Street. Some three-quarters of a mile from Southsea Town Centre, and a similar distance from The Seafront, this is a popular position within easy reach of a wide range of public amenities.

The apartment forms part of a three-storey post-war development of residential units above a parade of shops (Kim''s Sewing World in the case of 158). To the rear is a communal garden. Let until recently, 158a is presented in fair order but would reward a degree of cosmetic attention. With a projected gross rental yield of around 7% p.a., it is considered an excellent small addition to any investment portfolio. Full details are given as follows:


Outer door granting access, via underpass, to:

MAIN ENTRANCE
Door to:

COMMON LOBBY
Stairs to upper floors.

158a

ENTRANCE HALL
Single panel radiator. Gas and electric meters, circuit breakers.

KITCHEN 8'8 x 8'8
Fitted and equipped with: base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel inset sink, electric oven, and 4-ring gas hob with extractor canopy. Plumbing for washing machine. 'Glow-worm' gas fired central heating and hot water boiler. Single panel radiator. UPVC replacement double-glazed window to rear elevation.

BATHROOM & W.C.
White suite comprising: panelled bath with mixer tap and shower attachment plus 'Mira' independent shower mixer, pedestal handbasin, low flush w.c. Extractor. Double panel radiator. Built-in storage cupboard. UPVC replacement obscure double-glazed window.

DOUBLE BEDROOM 12'9 x 9'10
UPVC replacement double-glazed window to rear elevation. Single panel radiator.

LIVING ROOM 15'5 x 11'2
UPVC replacement double-glazed window to front elevation. Parquet flooring. Tiled fireplace. Double panel radiator.

OUTSIDE
REAR: Generous walled garden with southerly aspect.

GENERAL INFORMATION
TENURE: 125 years Leasehold from 29.09.1994 (99 years remaining).
MAINTENANCE CHARGE: See Legal Pack.
GROUND RENT: See Legal Pack.
COUNCIL TAX: Band 'A' - £1,110.57 p.a. (2019/20)

VIEWING
By appointment with AUCTIONEERS,
D M NESBIT & CO.
(17248/026087)


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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 Negotiator
hannah@nesbits.co.uk

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

Alison Weeden - Secretary
alisonw@nesbits.co.uk

RICS

Nesbit properties are on rightmove