Description

TO BE SOLD BY PUBLIC AUCTION THURSDAY 12TH NOVEMBER 2020.PRICE GUIDE: £150,000 +.OF INTEREST TO INVESTORS ONLY: the FREEHOLD property arranged as two self-contained flats - the TWO BEDROOM GROUND FLOOR FLAT, with private garden, being LET ON AN ASSURED SHORTHOLD TENANCY producing £9,240 p.a.; the FIRST FLOOR FLAT being SOLD and having a current Ground Rent of £150 p.a. - equivalent to a Gross Yield of 6.25% approx. Laburnum Grove runs between London Road and Copnor Road, No. 117 being on the north side diagonally opposite the junction with Beaulieu Road - a popular and pleasant residential address with ready access to a wide range of public amenities.

This inner-terrace late-Victorian property has brick elevations under a modern tiled roof, the tile-clad facade incorporating double splay bay. It stands behind a deep forecourt, whilst to the rear is a generous garden, some 27ft x 19ft, for the sole use of the lower flat.Full details are as follows:

GROUND FLOOR FLAT:
As stated, LET on an Assured Shorthold Tenancy from 1st December 2014 for an initial term of one year and now holding over month-to-month. Current rent: £770 p.c.m. The tenants are understood to be seeking alternative accommodation. The flat is well-presented in general and enjoys use of the rear garden.

ENTRANCE HALL
Cupboard under stairs.

LIVING ROOM 17'5 x 13'7
Splay bay window to front elevation having UPVC replacement double-glazing. Radiator.

BEDROOM ONE 14'6 x 10'10
UPVC replacement double-glazed window to front elevation. Radiator.

BEDROOM TWO 10'1 x 10'1
Square bay window to rear elevation having UPVC replacement double-glazing. Radiator.

KITCHEN 11'11 x 8'1
Fitted base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel sink unit. Plumbing for washing machine. 'Vaillant' gas fired central heating and hot water boiler. UPVC replacement double-glazed window to rear elevation. Doorway to:

REAR LOBBY
UPVC and obscure double-glazed door to rear garden. Door to:

BATHROOM & W.C.
(with the Rear Lobby, a modern single-storey extension). White suite comprising: panelled bath with independent shower mixer, pedestal handbasin, and low flush W.C. Radiator. UPVC replacement obscure double-glazed window.

OUTSIDE
Rear: 26'10 (8.18m) plus recess. Width: 19'4 (5.89m) A generous walled garden for sole use by the Ground Floor Flat.

FIRST FLOOR FLAT
The one bedroom upper unit has been SOLD on a 200 year lease from 2019, at an initial Ground Rent of £150 p.a. Details of the incremental increases are contained within the Legal Pack.

VIEWING
By appointment with AUCTIONEERS, D.M. NESBIT & CO.

COUNCIL TAX: GROUND FLOOR FLAT AND FIRST FLOOR FLAT - BAND 'A' = £1,155.28

027143/17352



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