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2 bedroom flat for sale
Albert Road, Southsea PO5 2SJ
£110,000
Albert Road, Southsea PO5 2SJ
£110,000
Our Summary
- TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED
- We invite IMMEDIATE CASH OFFERS, prior to possible Public Auction, for this well-situated VACANT TWO BEDROOM UPPER MAISONETTE; of interest to investors in particular, having a projected rental return of around £1,000 p
- ; keenly guided to reflect a short remaining lease term and the need for modest refurbishment
- ADDITIONAL AUCTION COSTS
- , will be payable by the purchaser to the Auctioneers, either in the Saleroom or, if the Lot is sold prior to Auction, at the offices of Nesbit & Co
- An Auction Legal Pack (including Contract of Sale and Special Conditions) will be prepared by the Seller's
Description
assistant
Here is a summary of the property description in a single paragraph:
A vacant two-bedroom upper maisonette is being sold by public auction with a guide price of £100,000-£110,000. The property is located on Albert Road, a prominent and varied commercial/residential thoroughfare, and is just a short distance from Southsea Seafront. The maisonette is presented in fair order and has the benefit of vacant possession. It is suitable for investment or owner-occupation and has a projected rental return of around £1,000 per month, equivalent to a lucrative gross yield of 10% per annum. The property has a short remaining lease term and requires modest refurbishment. It is being sold with a 99-year leasehold from 1992, with a service charge of 60% of building outgoings and a ground rent of £90 per annum.