Lot 113 Ground Floor Studio Flat For InvestmentAuction Date:
1st November 2023
Flat 4, The Willows, 255 Twyford Avenue, Portsmouth, PO2 8NU
Currently let at £8,700 per annum
This well presented ground floor studio flat is located in The Willows, a large purpose built block in Stamshaw. Offering excellent links to public transport as well as easy access in and out of the City (via the M275 or A3/A27 road networks), the property is located close to the Mountbatten Centre, Alexandra Park and Tipner shoreline. The flat is currently let and is producing a worthwhile income.
Ground Floor
Entrance hall, studio room offering space for bed and sofa, kitchen, bathroom with shower cubicle, storage and utility cupboards. Access to communal gardens.
Tenancy
Let on an Assured Shorthold Tenancy for 12 months, from 29th June 2023, at a current rental of £725 per calendar month. The tenant also pays an additional £74 per month as a contribution for the communal gas and water supply.
Council Tax Band A
Tenure
Remainder of a 999-year lease from 1st January 2010. Further details of the lease and service charge will be included in the legal documentation available to download from the Clive Emson Website.
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
