1 bedroom apartment for saleWindsor House, Canal Walk, Portsmouth, Hampshire, PO1 1RB
Sold STC £60,000
- An Excellent Size One Bedroom Apartment
- Currently Let At £7,200 PA - 12% Gross Yield
- Making An Ideal Investment For University Lets
To be sold by Public Auction on 8th December 2016 at The Macdonald Botley Park Hotel, Winchester Road, Boorley Green, Southampton, SO32 2UA
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FOR A FULL LIST OF OUR PROPERTIES, PLEASE VISIT OUR WEBSITE WWW.FOXANDSONSAUCTIONS.CO.UK
An Excellent Size One Bedroom Apartment
Currently Let At £7,200 PA - 12% Gross Yield
Making An Ideal Investment For University Lets
Location:This sixth floor one 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.
SIXTH FLOOR: Landing with Front Door to Entrance Hall, Bedroom One, Bathroom, Kitchen, Lounge.
Lease Details:The Lease is dated 19th November 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 1st August 2016 at £7,200 pa, giving a gross return on the investment of 12% based on the guide price. The rent is paid in two instalments due on 1st August 2016 and 1st February 2017. A copy of the tenancy agreement will be included in the legal pack and all prospective bidders are advised to satisfy any enquiries regarding the status of the tenancy prior to bidding.
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.
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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 Fox & Sons, Southampton Auctions on 02380 338066.
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