This one-bedroom second-floor flat is located in Enterprise House, a former office block which has been redeveloped into residential accommodation. The building is located very close to the city centre, train station, main Commercial Road shopping centre and the Portsmouth University campus. Southsea seafront and Gunwharf Retail Outlet are a short distance away.
The flat is very well presented throughout and has been used for investment purposes for many years and is considered ideal for continued use as an investment property and addition to an income producing portfolio in a very sought after area for renting.
Accommodation Entrance hallway, bedroom, open plan kitchen/living room, bathroom with W.C.
Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of 900 per calendar month.
Tenure Remainder of a 125-year lease from 1st January 2017 at a current ground rental of 250.00 per annum.
EPC Rating D
Council Tax Band A
Residential EPC: D
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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