* Leasehold
* No onward chain
* Three bedrooms
* Split level maisonette
* Popular southsea location
* Spacious accommodation throughout
* Upstairs bathroom
* Ideal investment
***no onward chain!*** Three bedroom split level maisonette situated in the
ever popular location of Lumsden Road, Southsea. Currently rented at £950 per
month, this property generates an excellent yield. The spacious accommodation
comprises; entrance hall, 15' approx lounge and 15' approx kitchen. On the
first floor are three well - proportioned bedrooms with ample storage cupboards
and bathroom.
Auctioneer 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. 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. 2% 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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