Lot 39 Studio Flat In Town Centre LocationAuction Date:
1st November 2024
Flat 27, 42 Arundel Street, Portsmouth, PO1 1NL
Potentially let at £8,160 per annum
Key Features
This first floor studio flat is located in a former office block which has been converted into residential use. Situated on Arundel Street it is ideally located close to Portsmouth & Southsea train station, the University campus and Commercial Road, with Gunwharf and Southsea a short distance beyond.
The flat is offered with all furniture and items and would be ideally suited to a student looking to live near the University or addition to an income producing portfolio.
Accommodation
Open plan bedroom/living room/kitchen, bathroom with W.C.
Tenure
Remainder of a 125-year lease from 8th September 2015 at a current ground rent of £250 per annum.
Council Tax Band A
Leasehold with Vacant Possession
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
