Lot 113 - Ground Floor Studio Flat For Investment
Flat 4, The Willows, Portsmouth, PO2 8NU
Guide Price: *
£73,250
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£73,250Bid history
1 bidM
20/12/2023 10:37:12 - £73,250
Currently let at £9,588 per annum
This well presented ground floor studio flat is located in The Willows, a large purpose built block in Stamshaw. Offering excellent links to public transport as well as easy access in and out of the City (via the M275 or A3/A27 road networks), the property is located close to the Mountbatten Centre, Alexandra Park and Tipner shoreline. The flat is let and is producing a worthwhile income.
Ground Floor
Entrance hall, studio room offering space for bed and sofa, kitchen, bathroom with shower cubicle, storage and utility cupboards. Access to communal gardens.
Tenancy
Let on an Assured Shorthold Tenancy for 12 months, from 29th June 2023, at a current rental of £725 per calendar month. The tenant also pays an additional £74 per month as a contribution for the communal gas and water supply.
Council Tax Band A
Tenure
Remainder of a 999-year lease from 1st January 2010. Further lease details and service charge will be included in the legal documentation available to download from the Clive Emson Website.
Joint Auctioneer
G D 3 Property Ltd, 52 Osborne Road, SOUTHSEA, PO5 3LU, 02392 607008
Summary
- Lot number
- 113
- Auction end
- 20th Dec at 10:48
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 113
- Auction end
- 20th Dec at 10:48
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Hampshire, Dorset, Wiltshire & Isle of Wight
01489 564606
Unit 14, Fulcrum 2, Solent Way, Whiteley, Fareham, Hampshire, PO15 7FN
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
