Property Details - Flat 8, 47-49 Elm Grove Road, Southsea, Portsmouth

Photo of Flat 8, 47-49 Elm Grove Road, Southsea, Portsmouth

Guide Price: *£85,000

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Lot 12

The property is centrally located close to shops and Portsmouth Town Centre. There are a choice of railway stations within one mile at Portsmouth & Southsea, Fratton and Portsmouth Harbour Stations. Good road links are easily accessible including the A3, M3 and the coastal motorways. The area has a great deal of historical interest and is well served by schools, bus routes and recreational facilities. The property is a one bedroom flat with reception room that is currently let and producing an income of £600 pcm (£7200 per annum). It forms part of an attractive four storey brick building. The property is sold with the benefit of this income and will be of interest to investment purchasers.

ACCOMMODATION

Bedroom, Reception Room, Kitchen, Bathroom. EPC lists as 44 sm.

TENURE

Leasehold. 125 years from 1985, thus approximately 84 years unexpired.
Ground rent £150 pa.

LOCAL AUTHORITY & TAX RATING

Portsmouth Council
Council Tax Band A
EPC Band D

VIEWING TIMES

By appointment through the Auctioneers

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

Flat 8, 47-49 Elm Grove Road, Southsea, Portsmouth

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