CHARTED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £70,000 - Available

Arundel Street, Hampshire

1 bedroom - Flat
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Description

TO BE SOLD BY PUBLIC AUCTION THURSDAY 26th SEPTEMBER 2019.GUIDE PRICE: �70,000-�80,000.OF INTEREST TO INVESTORS ONLY: convenient CITY CENTRE location for this WELL-APPOINTED ONE BEDROOM TOP (3rd) FLOOR APARTMENT with double-glazing, electric central heating, equipped kitchen, and secure entry. Currently LET on an ASSURED SHORTHOLD TENANCY at �6,900 P.A. (a gross return of 9%)Arundel Street runs between Commercial Road and Fratton Road, No. 32 being in the pedestrianised section adjacent the latter''s shopping precinct. A wide range of public amenities will be found within a radius of some one mile only, including: Portsmouth University campus, main-line stations, recreation facilities, historic Old Portsmouth, and the vibrant Gunwharf Quays leisure and retail complex.

The apartment is one of six units created from former offices (consent granted July 2007) within a post-war four-storey building having commercial premises at ground level (Amplifon hearing specialists). It is LET currently on an Assured Shorthold Tenancy for twelve months from 9.11.2018 at a rent of �575 p.c.m. Considered a good, high-yielding addition to any investment portfolio, full particulars of this opportunity are given as follows:


Approached via Slindon Street at the rear of the building, with main door, having SECURITY ENTRY SYSTEM, to:

COMMON LOBBY
Stairs to upper floors.

FLAT 5
Front door to:

LOBBY
Walk-in storage cupboard with "Ariston" electric boiler, electricity meter, and circuit breakers. Door to:

INNER HALL
Single panel radiator. Security intercom telephone.

BATHROOM & W.C. 10'0 x 6'0
White suite comprising: panelled bath with mixer tap and shower attachment, pedestal handbasin, low flush w.c. Single panel radiator. Extractor. Part-tiled walls, tiled floor. 3 recessed ceiling spotlights.


BEDROOM 10'7 x 10'2
UPVC replacement double-glazed window to rear elevation. Single panel radiator.

LIVING ROOM/KITCHEN 14'5 x 11'3
Wide UPVC replacement double-glazed window to front elevation. Single panel radiator.
Kitchen Area: Fitted base and wall cupboards, work surface with tiled surround, sink unit, electric oven, 4-ring electric hob, plumbing for washing machine.

GENERAL INFORMATION
Tenure: 125 years Leasehold from 10.10.2012.
Maintenance Charge: See Legal Pack.
Ground Rent: £200 per annum.
Council Tax: Band 'A' - £1,110.57 per annum (2019/20)

VIEWING
By appointment with AUCTIONEERS,
D. M. NESBIT & CO.
(17186/024047)


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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

Kim Evans - Senior Negotiator
kimevans@nesbits.co.uk

Hannah Prichard - Sales Assistant
hannah@nesbits.co.uk

Jackie Evans - Sales Assistant
jackie@nesbits.co.uk

Alison Weeden - Secretary
alisonw@nesbits.co.uk

RICS

Nesbit properties are on rightmove