CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £24,000 - Available

Eastern Villas Road, Hampshire

bedroom - Detached
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TO BE SOLD BY PUBLIC AUCTION THURSDAY 12TH NOVEMBER 2020.PRICE GUIDE £24,000 +.OF INTEREST TO INVESTORS ONLY: the substantial FREEHOLD GROUND RENT REVERSION producing £100 p.a. rising to £800 p.a.The Freehold is retained upon a detached building comprising four converted apartments within a late-Victorian property to the front, plus a further four purpose-built apartments within a later addition to the rear - a TOTAL OF 8 FLATS.

Eastern Villas Road runs in a crescent between Clarendon Road and South Parade. This desirable and convenient residential address is just a few minutes walk from The Seafront and some half a mile only from Southsea Town Centre.

LEASE AND GROUND RENT SCHEDULE:







FLAT 1
Sold on a 125 year Lease from 15.1.1976 at a Ground Rent of £10 p.a., doubling every 25 years (£20 p.a. currently) 81 years remaining.

FLAT 2
Sold on 215 year lease from 15.1.1976 at a peppercorn Ground Rent.

FLAT 3
Sold as Flat 2.

FLAT 4 AND GARAGE 1
Sold on a 125 year lease from 15.1.1976, Ground Rent as Flat 1. 81 years remaining.


FLAT 5 AND GARAGE 2
Sold on a 125 year lease from 15.1.1976. Ground Rent as Flat 1. 81 years remaining.

FLAT 6
Sold as Flat 1. 81 years remaining.




FLAT 7
Sold as Flat 1. 81 years remaining.

FLAT 8
Sold as Flat 2.




GARAGE 3
Sold on a 125 year lease from 15.1.1976, at a peppercorn Ground Rent. 81 years remaining.

GARAGE 4
As Garage 3. 81 years remaining.

GARAGE 5
As Garage 3. 81 years remaining.


No Section 5b Notices have been served.

AUCTIONEERS, D.M. NESBIT & CO
17353/028141


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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