CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Price £32,500 - Available

Highland Road, Hampshire

bedroom - Terraced
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Description

OF INTEREST TO INVESTORS ONLY: the FREEHOLD GROUND RENT REVERSION producing £1500 p.a. currently, rising to £3,500 p.a. The property comprises a substantial end-terrace corner building having rendered elevations under a slate-hung mansard roof and set behind a deep forecourt. It stands at the junction of Highland Road with Clegg Road, less than half a mile from The Seafront, and some one mile to the east of Southsea Town Centre.

Recently professionally converted and enlarged, the property is arranged to afford 5 APARTMENTS, all of which have been SOLD on 125 year leases commencing 1st October 2017.

GROUND RENT SCHEDULE per flat:
To 30.09.2042 - £300 p.a.

To 30.09.2067 - £400 p.a.

To 30.09.2117 - £600 p.a.

To 30.09.2142 - £700 p.a.


For further information, including copy leases and Local Search replies, a Legal Pack is available for inspection.

NOTICES
This Lot was to have been offered for sale by Public Auction on the 12th November 2020, in line with which Section 5B Notices were served upon the various leaseholders with no formal acceptance being received. Covid-19 restrictions caused the planned Auction to be cancelled. The opportunity is presented now by conventional Private Treaty, requiring the re-serving of the appropriate Notices once a sale has been agreed.

VENDOR'S AGENTS
D.M. NESBIT & CO.
(17349/027140)


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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

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