2 bedroom flat for saleCanal Walk, Portsmouth, PO1
Guide Price* £79,000
- EPC Grade D
- Well Presented
- Central Location
- 2 Bedrooms
- Fantastic Investment Potential
FOR SALE BY MODERN METHOD OF AUCTION STARTING BID £79,000 PLUS RESERVATION FEE. Need a mortgage? Come and speak to our financial advisor! This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 2.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. A copy of EPC will be available on request. EPC Grade D.
This property is located centrally and close to the University. The small vibrant town of Southsea is close by and enjoys many facilities including a good range of High Street shops, bars and restaurants which are all within close proximity to Southsea seafront, common and pier. Commercial Road, Old Portsmouth and Gunwharf Quays are also all easily accessible.
Currently sold with tenants in situ who are paying £700PCM, a yield of potentially over 9%. The property benefits from 2 bedrooms, open plan lounge/kitchen and bathroom suite. A fantastic investment opportunity in a central location. Offered in good internal order; viewing is highly recommended.
Lounge / Kitchen 16' 5" x 14' 5" (5m x 4.4m )
Bedroom 1 16' 5" x 8' 6" (5m x 2.6m )
Bedroom 2 14' 9" x 8' 2" (4.5m x 2.49m )
Bathroom 7' 7" x 7' 7" (2.3m x 2.3m )
IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call YOUR MOVE, Southsea on 02392 820701.
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