CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £45,000 - Available

Arundel Street, Hampshire

bedroom - Flat
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Description

TO BE SOLD BY PUBLIC AUCTION THURSDAY 30th JULY 2020.GUIDE PRICE: £45,000-£50,000.OF INTEREST TO INVESTORS IN PARTICULAR: very convenient CITY CENTRE location for this modern SPLIT-LEVEL STUDIO APARTMENT. Previously let and now VACANT, this opportunity presents a potential gross yield of some 11% p.a.Arundel Street runs between Commercial Road and Fratton Road, No. 54 being in the pedestrianised section adjacent the former''s Shopping Precinct. A wide range of public amenities will be found within a radius of some one mile only, including: Portsmouth University Campus, main-line stations, recreation facilities, historic Old Portsmouth, and the vibrant Gunwharf Quays leisure and retail complex.

This recently converted first and second floor unit was let previously at £450 p.c.m. Whilst of very modest proportions, it has been cleverly designed and is considered an excellent, cheap addition to an investment portfolio, nearby Portsmouth University being a ready source of tenant. Full particulars are given as follows:

RECESSED MAIN ENTRANCE
(Arundel Street) having door, with SECURE ENTRY, to:

COMMUNAL LOBBY
Stairs to upper floors.

FIRST FLOOR

LANDING
Leading to:

54E
Front door to:

KITCHEN 11'6 x 4'6
Fitted base cupboards and drawers, inset single drainer stainless steel sink unit with mixer tap. Incorporating: electric oven, extractor canopy. Tiled floor. High-level UPVC replacement double-glazed window. Staircase to upper floor. Folding door to:

SHOWER ROOM & W.C.
Low flush w.c. (Saniflow) with integrated handbasin, corner tiled shower cubicle with 'Triton' mixer. Extractor. Tiled floor.

UPPER LIVING/BEDROOM 10'5 x 8'8
High-level UPVC replacement double-glazed window. Raised single platform bed.

GENERAL INFORMATION
Tenure: 125 years leasehold from 1.1.2015.
Maintenance Charge: See Legal Pack.
Ground Rent: £150 p.a.

COUNCIL TAX
Band 'A' - £1,155.28 p.a. (2020/2021)

VIEWING
By appointment with AUCTIONEERS,
D. M. NESBIT & CO.
(17285/027113)


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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