3 bedroom apartment for sale

Leith Avenue, Portsmouth

Sold STC £90,000

Property Description

Key features

  • CASH PURCHASE ONLY
  • INVESTMENT OPPORTUNITY
  • LET AT 750 PCM
  • THREE BEDROOMS
  • DOUBLE GLAZING
  • GAS CENTRAL HEATING

Full description

CALLING ALL CASH PURCHASER'S, THIS THREE BEDROOM INVESTMENT OPPORTUNITY IS PRODUCING AN INCOME OF £750 PCM GIVING A 10% GROSS RETURN

The flat comprises of three bedrooms, living room, kitchen & bathroom

Benefits include gas central heating & double glazing.

Entrance - Main front door leading into hallway, storage cupboard, radiator & doors leading to:-

Living Room - 4.78m'' x 3.51m'' (15'8'' x 11'6'') - Double glazed bay window to the front elevation with opening casements, radiator, power points & opening to kitchen.

Kitchen - 2.79m'' x 1.68m'' (9'2'' x 5'6'') - Range of wall & base units, stainless steel sink unit with chrome mixer tap, plumbing for washing machine, cooker point, space for fridge/freezer, two double glazed windows & power points.

Bedroom One - 3.81m'' x 3.23m'' (12'6'' x 10'7'') - Double glazed window to the rear elevation with opening casement, plastered ceiling, radiator & power points.

Bedroom Two - 3.15m'' x 2.36m'' (10'4'' x 7'9'') - Double glazed window to the rear elevation with opening casement, plastered ceiling, radiator & power points.

Bedroom Three - 3.38m'' x 1.57m'' (11'1'' x 5'2'') - With door to the balcony, plastered ceiling, radiator & power points.

Bathroom - Comprises of a panelled bath with shower over, low flush W.C, handbasin, radiator & two double glazed windows.

Further Information - With 62 years remaining on the current lease and located directly above commercial premises cash buyers are sought for this investment. We have been informed that the lease can be extended for a further 90 years taking it up to 152 years. The premium would be circa £20,000 plus fees of £2150.00 + VAT. In our opinion this offers a shrewd investor a great opportunity.

We have been informed of the following charges;

Buildings Insurance for 2017: £411.96
Ground Rent for 2017: £75.00
Service Charge: TBC

Council tax band B £1,121.08


More information from this agent

Listing History

Added on Rightmove:
18 November 2016

Nearest stations

  • Portchester (0.4 mi)
  • Cosham (2.3 mi)
  • Hilsea (3.0 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Tully & Co, Southsea - Sales

157-159 Albert Road, Southsea, PO4 0JW

02382 200006 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Portchester (0.4 mi)
  • Cosham (2.3 mi)
  • Hilsea (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Tully & Co, Southsea - Sales

157-159 Albert Road, Southsea, PO4 0JW

02382 200006 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26641823. 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 Tully & Co, Southsea - Sales. 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.

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