Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £115.000
Landlord To Landlord Investment Opportunity
Located in the Stamshaw district of Portsmouth, this property offers excellent access to the M27 motorway and is just a short walk from the main North End shopping area of Portsmouth, which features a wide variety of shops, stores, food halls, pubs, bars, cafés, and restaurants.
The apartment occupies the upper two floors of this period terraced house. The accommodation includes a split-level hallway with stairs and landings, a front-aspect lounge, a separate kitchen, a utility room, a bathroom, and two upper-floor bedrooms.
Additional features include double glazing, gas central heating, and a share of the freehold.
SUMMARYDISCRIPTION Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £115.000
Landlord To Landlord Investment Opportunity
Located in the Stamshaw district of Portsmouth, this property offers excellent access to the M27 motorway and is just a short walk from the main North End shopping area of Portsmouth, which features a wide variety of shops, stores, food halls, pubs, bars, cafés, and restaurants.
The apartment occupies the upper two floors of this period terraced house. The accommodation includes a split-level hallway with stairs and landings, a front-aspect lounge, a separate kitchen, a utility room, a bathroom, and two upper-floor bedrooms.
Additional features include double glazing, gas central heating, and a share of the freehold.
67 Years Remaining on the Lease .
50% Share of freehold
Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £115,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
ENTRANCELOBBY Double glazed entrance door opening to the lobby area. Cloak Hanging space, electric meter and fuse box. Stairs rising to first floor level landing.
FIRSTFLOORLANDING Stairs leading to the upper and lower levels. recessed storage cupboard to stairwell. Doors leading to the accommodation.
LIVINGROOM14' 10" x 13' 00" (4.52m x 3.96m) Front aspect double glazed window, power points, radiator. domestic gas mater, door to the landing.
KITCHEN9' 10" x 7' 02" (3m x 2.18m) Fitted floor and wall units, work surfaces, inset sink plus mixer tap, space for upright fridge freezer, space for cooker, rear aspect double glazed window, power points, and door to the the landing.
UTILITYROOM8' 00" x 4' 08" (2.44m x 1.42m) Wall mounted Vaillant Boiler, work surface with space and plumbing below for the washing machine. Door to the landing and door to the bathroom.
FAMILYBATHROOM8' 00" x 5' 08" (2.44m x 1.73m) Suit comprising low level flush W.C. pedestal wash basin and a panelled bath with shower taps and glaze panelled shower screen. Tiled to the principle areas, rear aspect double glazed window and door to the utility room.
SECONDFLOORLANDING Stairwell with period balustrade and stairs leading down to the lower level. Service hatch to roof void and doors to the bedrooms.
BEDROOMONE15' 00" x 13' 00" (4.57m x 3.96m) Front aspect double glazed window, power points, radiator. Door to the upper floor landing.
BEDROOMTWO10' 00" x 9' 02" (3.05m x 2.79m) Rear aspect double glazed window, power points, radiator, skilled ceiling and door to the upper floor landing.