CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £6,500 - Available

Victoria Road North, Hampshire

bedroom - Semi
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TO BE SOLD BY PUBLIC AUCTION THURSDAY 12TH NOVEMBER 2020.GUIDE PRICE £6,500 +.OF INTEREST TO INVESTORS ONLY: the FREEHOLD GROUND RENT REVERSION producing £220 p.a., rising to £810 p.a.The property comprises a semi-detached late-Victorian building having rendered elevations under a modern tiled roof, the facade incorporating recessed porch and triple splay bay window. It stands on the east side of the main Victoria Road North, a short distance from the junction with Elm Grove and less than half a mile from Southsea Town Centre.

The building''s FOUR FLATS have all been SOLD on long leasehold terms, the schedule being as follows:

BASEMENT FLAT
215 years from 18.12.79. Ground Rent: a peppercorn.


HALL FLOOR FLAT
125 years from 20.3.20. Ground Rent: 1st 25 years £150 p.a., 2nd 25 years £170 p.a., 3rd 25 years £200 p.a., 4th 25 years £225 p.a., remainder £250 p.a.

FIRST FLOOR FLAT
As Basement

TOP FLOOR FLAT
125 years from 18.12.79. Ground Rent: 1st 25 years £35 p.a., 2nd 25 years, £70 p.a., 3rd 25 years £140 p.a., 4th 25 years £280 p.a., remainder £560 p.a.


We can advise that, pursuant to Section 5B of The Landlord and Tenant Act 1987, Notices have been served upon the various leaseholders.

AUCTIONEERS: D.M. NESBIT & CO.
17303/027141


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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