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2 bedroom apartment for sale
Flat 11, 42 Arundel Street, Portsmouth, Hampshire PO1 1NL
£69,500
Flat 11, 42 Arundel Street, Portsmouth, Hampshire PO1 1NL
£69,500
Our Summary
- For sale on 10 December 2024 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 10:00
- Investment opportunity to acquire a 2 double bedroom apartment in a prime residential location currently generating £11,400 a year in rental income which is an impressive 16% return against the guide price The property is located on the 2nd floor and briefly comprises an entrance hall, open plan 20ft kitchen/living/dining room, 2 double bedrooms and a bathroom The property is centrally located close to a wide range of local amenities, shops, restaurants and has excellent transport links
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
Description
A 2-bedroom apartment in a prime residential location is up for auction on December 10, 2024, with a guide price and a reserve price within 10% of the guide price. The property currently generates £11,400 in rental income, representing a 16% return on the guide price. The apartment is located on the 2nd floor and features an open-plan kitchen/living/dining room, two double bedrooms, and a bathroom. The property is centrally located near local amenities, shops, and restaurants, with excellent transport links. The sale will be conducted online with live auctioneers, and bidders can register in advance to participate by proxy, online, or by phone. The buyer will be required to pay a 5% deposit and a 4.8% buyer's fee, which does not contribute to the purchase price but will be taken into account when calculating Stamp Duty Land Tax.