CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £70,000 - Available

Fawcett Road, Hampshire

1 bedroom - Flat
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Description

TO BE SOLD BY PUBLIC AUCTION, DATE TO BE CONFIRMED.GUIDE PRICE: £70,000-£75,000. OF INTEREST TO INVESTORS ONLY: the conveniently situated ONE BEDROOM REAR GROUND FLOOR FLAT with gas central heating, replacement double-glazing, and PRIVATE GARDEN. Currently LET on an ASSURED SHORTHOLD TENANCY at £500 p.c.m. - equivalent to a gross yield of around 8.5% p.a. Fawcett Road runs from Fratton Bridge to Albert Road, No. 103 being on the east side diagonally opposite the junction with Cleveland Road. This convenient mixed commercial/residential address places a wide range of public amenities within a radius of some one mile only, including: Southsea Seafront and Town Centre, main-line stations, and various schools. The apartment is one of two residential units within a two-storey inner-terrace Victorian building with shop frontage.

Positioned at the rear of the building 103a has the advantage of a 28ft private garden. The flat''s overall condition is best described as "average" and it is subject to an Assured Shorthold Tenancy at a current rent of £500 pcm, the single female occupant having been in possession for some 11 years and now "holding over". She is, we understand, happy to remain. This opportunity is considered a modest, but lucrative, useful addition to an investment portfolio & full particulars are given as follows:


UPVC main front door to:

LONG ENTRANCE HALL
With door to:

103A

ENTRANCE HALL
Textured Artex ceiling. Double panel radiator. Wood-laminate flooring. Built-in storage cupboard under stairs. UPVC and part obscure double-glazed door to garden. UPVC replacement obscure double-glazed window.

BEDROOM 11'3 x 8'5
Textured Artex ceiling. Wood-laminate flooring. UPVC replacement double-glazed window to rear elevation. Single panel radiator.

LIVING ROOM 12'4 x 9'1
Textured Artex ceiling. Wood-laminate flooring. UPVC replacement double-glazed window to side elevation. Double panel radiator. Door to:

KITCHEN 9'3 x 7'0
Fitted and equipped with: range of base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel sink unit. Incorporating: electric oven and 4-ring gas hob. Plumbing for washing machine. Single panel radiator. Tiled floor. UPVC replacement double-glazed window to side elevation. Door to:

SHOWER & W.C.
White suite comprising: low flush w.c., pedestal handbasin, and tiled shower cubicle. Single panel radiator. Extractor. Cupboard housing 'Ideal' gas fired central heating and hot water boiler. UPVC replacement obscure double-glazed window.

OUTSIDE
REAR: Depth: 28'0 (8.53m) Width: 15'8 (4.78m) Private garden with walled surround and easterly aspect.

GENERAL INFORMATION
Tenure: 99 years Leasehold from 28.07.2006.
Maintenance Charge: see Legal Pack.
Ground Rent: see Legal Pack.
Council Tax: Band 'A' - £1,155.28 per annum (2020/21).

VIEWING
By appointment with AUCTIONEERS.
D M NESBIT & CO.
(17271/026104)


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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

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