Lot 123: FLAT FOR INVESTMENT CLOSE TO THE CITY CENTRE

Sold £175,000

Situated a short walk/drive from Winchester’s historic city centre, this two/three bedroom seventh floor flat is currently let and is considered ideal for addition to an income-producing lettings portfolio.

Accommodation

Entrance hall, kitchen/living room, two bedrooms, bedroom three/living room and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy (until 26 August 2019) at a current rental of £1,200 per calendar month.

Outside

Communal gardens and car parking.

Tenure

Remainder of a 125 year lease from 25 July 1988 at a current ground rental of £25.00 per annum.

Auctioneer’s Note

We are advised that a new Tenancy Agreement is in the process of being executed to run until late August 2020 at the same monthly rent, and a copy will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Residential EPC: D