CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £25,000 - Available

Highland Road, Hampshire

bedroom - Terraced
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Description

TO BE SOLD BY PUBLIC AUCTION THURSDAY 12th NOVEMBER 2020.GUIDE PRICE: £25,000.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, see Legal Pack.


We can advise that, pursuant to Section 5B of The Landlord and Tenant Act 1987, Notices have been served upon the various leaseholders, the period having now expired without any formal acceptance being received.

AUCTIONEERS:
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