* Leasehold
* Modern throughout
* Off road parking
* Two bedrooms
* First floor
* New bathroom
* Tenant in - situ
* Subject to reserve price
* Buyers fee applies
* T & c's apply
* Modern method of auction
** investment buyers only ** off road parking ** tenant in - situ **
Starting Bid Price £120, 000 plus Reservation Fee.
We are pleased to welcome to the market this two bedroom apartment, perfectly
situated within walking distance to local shops and transport links.
Internally, the property consists of a spacious open plan kitchen/lounge,
which measures over 23ft and is the perfect entertaining space.
The property has two spacious double bedrooms and also benefits from having an
allocated parking space.
The property is currently rented out an is achieving a rental income of £950
pcm.
*Please note photos are from before the current tenancy*
Please contact the Portsmouth Branch on to arrange your viewing.
**Exterior/Parking**
Purpose built apartment block, with secure gated access to carpark, allocated
parking to the rear, intercom entry into block
**Kitchen/Lounge/Diner (2. 62m x 7. 19m (8'7" x 23'7"))**
**Bedroom One (3. 33m x 3. 81m (10'11" x 12'6"))**
**Bedroom Two (2. 13m x 3. 58m (7' x 11'9"))**
**Bathroom (1. 57m x 2. 92m (5'2" x 9'7"))**
**Leasehold Inforamtion**
Lease Length : 108 Year remaining
Service Charge : Please call for further information
Please note Bernard's Estate agents have not checked or verified the leases,
the information provided is what we have been provided with from the sellers.
Your solicitor will check all of the above during the conveyancing process.
**Council Tax**
The local authority is Portsmouth city Council.
Band : A – £1, 320. 51
**Conveyancing**
Choosing the right conveyancing solicitor is extremely important to ensure
that you obtain an effective yet cost - efficient solution. The lure of
supposedly cheaper on - line "conveyancing warehouse" style services can be very
difficult to ignore but this is a route fraught with problems that we strongly
urge you to avoid. A local, established and experienced conveyance will
safeguard your interests and get the job done in a timely manner. Bernards can
recommend several local firms of solicitors who have the necessary local
knowledge and will provide a personable service. Please ask a member of our
sales team for further details.
**Mortgage Advisor**
We offer financial services here at Bernards. If you would like to review your
current Agreement In Principle or are yet to source a lender, we have a number
of experienced Financial Advisors who will be happy to help.
**Offer Check Procedure**
If you are considering making an offer for this or any other property Bernards
Estate Agents are marketing, please make contact with your local office so we
can verify/check your financial/Mortgage situation.
**Anti - Money Laundering**
Bernards Estate Agents have a legal obligation to complete anti - money
laundering checks. The aml check should be completed in branch. Please call
the office to book an aml check if you would like to make an offer on this
property. Please note the aml check includes taking a copy of the two forms of
identification for each purchaser. A proof of address and proof of name
document is required. Please note we cannot put forward an offer without the
aml check being completed
**Auctioneer's Comments**
This property is for sale by the Modern Method of Auction. Should you view,
offer or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited
This method of auction requires both parties to complete the transaction
within 56 days of the draft contract for sale being received by the buyers
solicitor (for standard Grade 1 properties). This additional time allows
buyers to proceed with mortgage finance (subject to lending criteria,
affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a
non - refundable Reservation Fee. This being 4. 5% of the purchase price
including VAT, subject to a minimum of £6, 000. 00 including VAT. The
Reservation Fee is paid in addition to purchase price and will be considered
as part of the chargeable consideration for the property in the calculation
for stamp duty liability. Buyers will be required to go through an
identification verification process with iamsold and provide proof of how the
purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents
in relation to the property. The documents may not tell you everything you
need to know about the property, so you are required to complete your own due
diligence before bidding. A sample copy of the Reservation Agreement and terms
and conditions are also contained within this pack. The buyer will also make
payment of £300 including VAT towards the preparation cost of the pack, where
it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve
Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties
to you. Whilst these services are recommended as it is believed they will be
of benefit; you are under no obligation to use any of these services and you
should always consider your options before services are accepted. Where
services are accepted the Auctioneer or Partner Agent may receive payment for
the recommendation and you will be informed of any referral arrangement and
payment prior to any services being taken by you.

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