Fort Cumberland Road, Southsea PO4 9LQ
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Description
TO BE SOLD BY PUBLIC AUCTION (unless sold previously).
GUIDE PRICE: £110,000-£120,000
OF INTEREST TO INVESTORS ONLY: in advance of Public Auction we invite CASH OFFERS NOW for this well-situated, purpose-built TWO BEDROOM FIRST FLOOR FLAT with residents' parking, electric central heating, double-glazing, equipped kitchen, balcony, and lift service; currently LET at £875 p.c.m. - equivalent to a gross annual yield (at mid-Guide) of around 9%. Positioned upon the south-east peninsular of Portsea Island, Fort Cumberland Road runs from Henderson Road to the foreshore of Langstone Harbour, the open beach being less than a quarter of a mile to the south, and Southsea Town Centre a little over two miles away. Part of a wider ex-MOD housing estate, Flat 28a is within a four-storey, mid-2000s' addition to an older (1960s) development, the building having rendered elevations under a pitched and tiled roof. The apartment is LET on a Periodic Assured Shorthold Tenancy at a current rent of £875 p.c.m. This opportunity is considered to be a modestly guided, lucrative addition to any investment portfolio and full particulars are given as follows:
MAIN ENTRANCE
Glazed door, with SECURITY ENTRY SYSTEM, to:
COMMUNAL LOBBY
Lift and stairs to upper floors.
FIRST FLOOR INNER LANDING
With access to 28a and 30a.
28a
ENTRANCE HALL
3 recessed ceiling spotlights. Built-in cupboard housing circuit breakers and electric hot water/central heating system.
BATHROOM & W.C.
Contemporary white suite comprising: panelled bath with mixer tap plus independent shower mixer, pedestal handbasin with mixer tap, and low flush w.c. Tiled floor. Part-tiled walls. Single panel radiator. 4 recessed ceiling spotlights.
BEDROOM ONE - 4.62m x 4.29m (15'2" x 14'1")
An 'L'-shaped room. Virtually full-width UPVC double-glazed picture window to rear elevation. Single panel radiator.
BEDROOM TWO - 3.15m x 2.24m (10'4" x 7'4")
UPVC double-glazed window to rear elevation. Single panel radiator.
LIVING ROOM - 5.08m x 3.56m (16'8" x 11'8")
9 recessed ceiling spotlights. Single panel radiator. Doorway to kitchen. UPVC double-glazed window to rear elevation; adjacent similar door to:
SUN BALCONY
Decked floor, railed balustrade.
KITCHEN - 2.51m x 2.06m (8'3" x 6'9")
Fitted and equipped with: base and wall cupboards, works surfaces with tiled surround, single drainer stainless steel sink with mixer tap, electric oven, and 4-ring ceramic hob with extractor canopy. Plumbing for washing machine. Space for upright 'fridge/freezer.
OUTSIDE
Communal gardens front and rear. Residents' parking (non-allocated).
GENERAL INFORMATION
Tenure: 125 years leasehold from September 2005 (107 years remaining).
Service Charge: £385.25p per quarter.
Ground Rent: £200 per annum.
Council Tax: Band 'A' - £1,383.64 per annum (2024-25).
EPC 'C'
VIEWING
By arrangement with AUCTIONEERS,
D. M. NESBIT & CO.
(17731/044284)
ADDITIONAL AUCTION COSTS
A Buyer's Premium of £450 + V.A.T., will be payable by the purchaser to the Auctioneers, either in the Saleroom or, if the Lot is sold prior to Auction, at the offices of Nesbit & Co. An Auction Legal Pack (including Contract of Sale and Special Conditions) will be prepared by the Seller's Solicitors and available for inspection by interested parties. Those intending to bid are advised to make themselves aware of the content of the Legal Pack, containing, as it will, information in respect of any other charges that may apply (Search Fees and/or Seller's legal costs for example).
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: C
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Fort Cumberland Road, Southsea PO4 9LQ
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About Nesbits, Southsea
7 Clarendon Road, Southsea, PO5 2ED
Established in 1921 as an independent practice of Estate Agents, Chartered Surveyors & Auctioneers, and at our address in the heart of Southsea Town Centre since 1965, Nesbit & Co are very much a recognised and trusted name in Estate Agency.
We have carved out a strong reputation among our competitors, based upon the highest standards of service, true professionalism, and a tenacious attitude to our clients' interests - qualities which, when combined with deep local knowledge and a level of experience second to none (Robin Evans, our Head of Residential Sales, having been with the firm since 1973), allow us to stand out from the field.
Operating throughout Portsmouth and the immediate surrounds, Nesbit & Co handle the sale of all types of residential property. As well as conventional marketing, we are uniquely placed to offer clients the often desirable option of sale by Public Auction through the city's only Property Auction Saleroom. Probate sales are a speciality. Our associated Antique & Fine Art Division can assist with the valuation and disposal of chattels, ranging from single items to entire house contents.
For all your property needs, choose a name you can rely on - Nesbit & Co.
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Visit our security centre to find out moreDisclaimer - Property reference S256436. 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 Nesbits, Southsea. 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.
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 Nesbits, Southsea on 0238 214 8243.
*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.”
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