Lot 173 - Freehold Building Arranged As Four Flats For Investment
209 London Road, Portsmouth, PO2 9AJ
Guide Price: *
£315,000
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:
£315,000Bid history
1 bidH
15/09/2023 13:32:46 - £315,000
Three flats currently let at £22,100 per annum, plus vacant flat
Previously fully let at £29,900 per annum
This imposing four storey freehold building is situated a short distance from the centre of North End with all its shopping and other amenities and with the Rudmore roundabout and motorway connections only slightly further afield.
The building is arranged as four flats with three of the four let under the terms of Assured Shorthold Tenancy Agreements, and producing a very worthwhile income. A fourth flat on the top floor is, at present, vacant and awaiting a new tenant.
The property is considered ideal for addition to an income-producing letting portfolio.
209A London Road
Lower Ground Floor Flat
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £150 per week.
209B London Road
Upper Ground Floor Flat
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £150 per week.
209C London Road
First Floor Flat
Entrance hall, living room/kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £125 per week.
209D London Road
Second Floor Flat
Entrance hall, living room/kitchen, bedroom and bathroom with W.C.
Tenancy
Currently vacant, but previously let at a rental of £150 per week.
Outside
Small courtyard to front and enclosed garden to rear.
Each Flat Council Tax Band A
Freehold with Part Vacant Possession
Summary
- Lot number
- 173
- Auction end
- 15th Sep at 13:42
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 173
- Auction end
- 15th Sep at 13:42
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- 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.
