Terraced house for sale

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Terraced house for sale

FREEHOLD For 33 Ewart Road, Portsmouth, Hampshire, PO1
£2,000

Our Summary

  • ** For Sale By Online Auction** Pre Auction Offers Considered** Freehold interest only
  • Ground Rent investment and potential for future lease extension
  • 2 leases for 33A and 33B 33A, lease expires 28 May 2109 * Ground Rent due until end of lease £5,174 * 12 years at £100, 25 years at £150, 24 years at £200 33B, lease expires Sep 2175 * 152 years left on lease * No ground rent Modern Terms & Conditions - This property is for sale via Online Auction
  • This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
  • The auction will run for 3 hours on a set date and time chosen by the vendor of the property
  • Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £2,400 inclusive of VAT
  • The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives

Description

This property is for sale via online auction, with the option for potential buyers to make pre-auction offers. The property is a freehold interest with a ground rent investment and potential for future lease extension. The leases for 33A and 33B are valid until 2050, with ground rent payments due until the end of the lease term. The modern terms and conditions of the auction include a non-refundable reservation fee of 3% inclusive of VAT, and the winning bidder must exchange within 28 days. The auction is powered by Whoobid and is subject to terms and conditions that will be provided in the auction pack. Bidders are advised to review the legal documents prior to bidding and seek legal advice.
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