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2 bedroom apartment for sale

Windsor House, Canal Walk, Portsmouth, Hampshire, PO1 1RB

Sold STC £75,000

Property Description

Key features

  • An Excellent Size Two Bedroom Apartment
  • Currently Let At £9,000 PA - 12% Gross Yield
  • Making An Ideal Investment For University Lets

Full description

Tenure: Leasehold

To be sold by Public Auction on 8th December 2016 at The Macdonald Botley Park Hotel, Winchester Road, Boorley Green, Southampton, SO32 2UA

FOR A FULL LIST OF OUR PROPERTIES & LEGAL PACKS, PLEASE VISIT OUR WEBSITE WWW.FOXANDSONSAUCTIONS.CO.UK

FOR A FULL LIST OF OUR PROPERTIES, PLEASE VISIT OUR WEBSITE WWW.FOXANDSONSAUCTIONS.CO.UK

An Excellent Size Two Bedroom Apartment
Currently Let At £9,000 PA - 12% Gross Yield
Making An Ideal Investment For University Lets

Tenure:Leasehold

Location:This fifth floor two bedroom apartment is located within one of the main investment areas of Portsmouth, serving Portsmouth University and local educational facilities. The property allows easy access to local amenities and transport links servicing the city, which offers a superb range of shopping, leisure and entertainment facilities.

Accommodation:GROUND FLOOR: Communal Entrance Hall with Stairs to all Floors.
FIFTH FLOOR: Landing with Front Door to Entrance Hall, Bedroom One, Bathroom, Kitchen, Lounge, Bedroom Two.

Lease Details:The Lease is dated 13th June 2014 for a term of 125 years commencing from and including 1st January 2006.

Tenancy Details:The flat is currently let on a 12 month AST agreement dated 12th August 2016 at £750 pcm (£9000 PA), giving a gross return on the investment of 12% based on the guide price. A copy of the tenancy agreement will be included in the legal pack and all prospective purchasers are advised to satisfy any enquiries regarding the status of the tenancy prior to bidding.

EPCC

IMPORTANT NOTICE: The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if

appropriate the auctioneers may adjust the guide price to reflect this.

Listing History

Added on Rightmove:
16 November 2016

Map & Street View

Disclaimer - Property reference 54682. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fox & Sons, Southampton Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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 Fox & Sons, Southampton Auctions on 02380 338066.


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