Lot 52

TWO, TWO-BEDROOM SELF-CONTAINED FLATS FOR INVESTMENT

38 Montgomerie Road, Southsea, Hampshire, PO5 1ED
38 Montgomerie Road, Southsea, Hampshire, PO5 1ED
Sold £245,000

Currently let at £14,400 per annum

Montgomerie Road is situated in a popular residential district, a short drive from Southsea’s main commercial centre, the common and the seafront beyond.

This freehold mid-terrace building is arranged as two self-contained two-bedroom flats which are let under the terms of Assured Shorthold Tenancy Agreements. The property is considered ideal for addition to an income producing portfolio.

Ground Floor

Communal entrance hall.

Ground Floor Flat

Living room, kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement for an initial period of six months from 16th March 2013 at a current rental of £550 per calendar month.

Council Tax Band A

First Floor Flat

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

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement for an initial period of six months from 11th April 2022 at a current rent of £650 per calendar month.

Council Tax Band A

Outside

Garden to the rear which is used by the ground floor flat.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/