* Leasehold
To be sold by public auction at A date to be confirmed. (unless sold
previously)
guide price: £60, 000 We invite immediate cash offers prior to possible Public
Auction for this investment only opportunity, being a well presented first
floor studio flat with double - glazing, electric heating, equipped kitchen, and
secure entry. Let on an Assured Shorthold Tenancy at £8, 040 p. a. - equivalent
to a gross return of around 13. 5%. Arundel Street runs from Commercial Road to
Fratton Road, No. 32 being in the former's pedestrianised section adjacent its
Shopping Precinct. This very convenient Central Portsmouth location places a
wide range of public amenities within a radius of some one mile only,
including: Portsmouth University campus, main - line stations, recreation
facilities, Gunwharf Quays leisure and retail complex, and the many
attractions of historic Old Portsmouth. The apartment is one of six units
created from former offices within a post - war four - storey building having
commercial premises (Amplifon Hearing Specialists) at ground level. It is let
on a twelve month Assured Shorthold Tenancy at a rent of £670 p. c. m. This
modest, yet high - yielding opportunity is considered a useful addition to an
investment portfolio and full particulars are given as follows:
Approached at the rear of the building via Slindon Street, with covered access
to main front door, having security entry system, to:
_Common hall_
Stairs to upper floors.
_First floor_
_landing_
and
_inner landing_
Having doors to Flats 1 and 2.
_Flat 1_
_'l' - shaped entrance hall_
Single panel radiator. Security intercom telephone.
_Bathroom & W. C. _ \ - 2. 9m x 1. 5m (9'6" x 4'11")
White suite comprising: Pedestal handbasin with mixer tap, low flush w. c. , and
panelled bath with mixer tap and shower attachment. Single panel radiator.
Mainly - tiled walls. Tiled floor.
_Kitchen_ \ - 2. 9m x 1. 68m (9'6" x 5'6")
Fitted and equipped with: Base and wall cupboards, work surfaces with tiled
upstand, single drainer stainless steel inset sink with mixer tap, electric
oven, and 4 - ring ceramic hob with extractor canopy. Plumbing for washing
machine. Single panel radiator.
_Living/bedroom_ \ - 4. 34m x 4. 14m (14'3" x 13'7")
Four recessed ceiling spotlights. Full - width UPVC replacement double - glazed
window to rear elevation. Single panel radiator. Built - in cupboard housing
'Electra Store' central heating and hot water boiler.
_General information_
tenure: 125 years leasehold from 10. 10. 2012 (115 year remaining).
Service charge: £1600 p. a.
Building insurance: £300 p. a.
Ground rent: £200 p. a.
Council tax: Band 'A' - £1, 320. 51 p. a. (2023/24)
_EPC 'D'_
_viewing_
By appointment with auctioneers,
D. M. Nesbit & co.
(17637/040258)
_additional auction costs_
A Buyer's Premium of £450 + V. A. T. , will be payable by the purchaser to the
Auctioneers, either in the Saleroom or, if the Lot is sold prior to Auction,
at the offices of Nesbit & Co. An Auction Legal Pack (including Contract of
Sale and Special Conditions) will be prepared by the Seller's Solicitors and
available for inspection by interested parties. Those intending to bid are
advised to make themselves aware of the content of the Legal Pack, containing,
as it will, information in respect of any other charges that may apply (Search
Fees and/or Seller's legal costs for example).

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