london road, portsmouth

SALE BY PUBLIC AUCTION ON THE 23RD OCTOBER 2024 AT THE SILVERLAKE STADIUM, STONEHAM LANE, EASTLEIGH, SOUTHAMPTON, SO50 9HT STARTING AT 11AM.

Sold by Public Auction are five apartments occupying the first floor of a London Road building. An entrance at the rear leads to a communal hall and stairway and access to the five apartments which are currently let with an annual income of £36,300. The one bedroom apartments are spacious, presented in reasonable order and offer scope to improve to maximise income. The five apartments are held under one leasehold title 979 years remaining.

FLAT 1:
Entrance hall, spacious lounge/diner with large window overlooking London Road, internal double bedroom with skylight window, fitted kitchen and bathroom. Currently let on a Periodic Assured Shorthold Tenancy for £625pcm

FLAT 2:
Lounge/diner, double bedroom, kitchen, bathroom. Currently let on a Periodic Assured Shorthold Tenancy for £625pcm

FLAT 3:
Entrance hall, spacious lounge/diner with large window overlooking London Road, internal double bedroom with skylight window, fitted kitchen and bathroom. Currently let on a Periodic Assured Shorthold Tenancy for £595pcm

FLAT 4:
Entrance hall, spacious lounge/diner with large window overlooking London Road, internal double bedroom with skylight window, fitted kitchen and shower room. Currently let on a Periodic Assured Shorthold Tenancy for £595pcm

FLAT 5:
Entrance hall, L-shaped open plan lounge/diner and kitchen, double bedroom, walk-in wardrobe, bathroom. Currently let on a Periodic Assured Shorthold Tenancy for £585pcm

COUNCIL TAX - for each Flat
Portsmouth City Council TAX BAND A £1,383.64 for the year 2024/2025

LEASE DETAILS
Lease Commenced: 05/07/2004
Lease Term: 999 years
Lease Term Remaining: 979 years
Ground Rent: Peppercorn
Maintenance/Service Charge: TBC


ADDITIONAL FEES:
Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts.
Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion.




MONEY LAUNDERING PROCEDURES



IN ACCORDANCE TO THE ABOVE, PLEASE BE ADVISED, THAT IF YOU INTEND TO BID ON THIS PROPERTY, THEN YOU WILL BE REQUIRED TO PROVIDE TWO FORMS OF ID (ONE PHOTO-TYPE). IF, YOU ARE INTENDING TO BID ON BEHALF OF A THIRD PARTY, THEN WE WOULD REQUIRE BOTH ID FOR YOURSELF, PLUS A CERTIFIED COPY OF PHOTO ID FOR THE INTENDED PURCHASER. PLEASE SEE WEB-SITE, www.pearsons.com FOR FURTHER DETAILS.