* Leasehold
To be sold by public auction (unless sold previously).
Guide price: £100, 000+
of interest to investors only: In advance of Public Auction we invite cash
offers now for this well - situated, purpose - built two bedroom first floor flat
with residents' parking, electric central heating, double - glazing, equipped
kitchen, balcony, and lift service; currently let at £800 p. c. m. - equivalent
to a gross annual yield (at minimum Guide) of 9. 6%. Positioned upon the south -
east peninsular of Portsea Island, Fort Cumberland Road runs from Henderson
Road to the foreshore of Langstone Harbour, the open beach being less than a
quarter of a mile to the south, and Southsea Town Centre a little over two
miles away. Part of a wider ex - mod housing estate, Flat 28a is within a four -
storey, mid - 2000s' addition to an older (1960s) development, the building
having rendered elevations under a pitched and tiled roof. The apartment is
let on a Periodic Assured Shorthold Tenancy at a current rent of £800 p. c. m.
(with scope for future uplift). This opportunity is considered to be a
modestly guided, lucrative addition to any investment portfolio and full
particulars are given as follows:
_Main entrance_
Glazed door, with security entry system, to:
_Communal lobby_
Lift and stairs to upper floors.
_First floor inner landing_
With access to 28a and 30a.
_28a_
_entrance hall_
3 recessed ceiling spotlights. Built - in cupboard housing circuit breakers and
electric hot water/central heating system.
_Bathroom & W. C. _
Contemporary white suite comprising: Panelled bath with mixer tap plus
independent shower mixer, pedestal handbasin with mixer tap, and low flush
w. c. Tiled floor. Part - tiled walls. Single panel radiator. 4 recessed ceiling
spotlights.
_Bedroom one_ \ - 4. 62m x 4. 29m (15'2" x 14'1")
An 'l' - shaped room. Virtually full - width UPVC double - glazed picture window to
rear elevation. Single panel radiator.
_Bedroom two_ \ - 3. 15m x 2. 24m (10'4" x 7'4")
UPVC double - glazed window to rear elevation. Single panel radiator.
_Living room_ \ - 5. 08m x 3. 56m (16'8" x 11'8")
9 recessed ceiling spotlights. Single panel radiator. Doorway to kitchen. UPVC
double - glazed window to rear elevation; adjacent similar door to:
_Sun balcony_
Decked floor, railed balustrade.
_Kitchen_ \ - 2. 51m x 2. 06m (8'3" x 6'9")
Fitted and equipped with: Base and wall cupboards, works surfaces with tiled
surround, single drainer stainless steel sink with mixer tap, electric oven,
and 4 - ring ceramic hob with extractor canopy. Plumbing for washing machine.
Space for upright 'fridge/freezer.
_Outside_
Communal gardens front and rear. Residents' parking (non - allocated).
_General information_
Tenure: 125 years leasehold from September 2005 (107 years remaining).
Service Charge: £530 per quarter.
Ground Rent: £200 per annum.
Council Tax: Band 'A' - £1, 320. 51 per annum (2023 - 24)
_EPC 'C'_
_viewing_
By arrangement with auctioneers,
D. M. Nesbit & co.
(17731/044284)
_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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