Albert Road, Southsea PO5 2SJ
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Description
TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED.
(UNLESS SOLD PREVIOUSLY).
GUIDE PRICE: £115,000-£120,000.
We invite IMMEDIATE CASH OFFERS, prior to possible Public Auction, for this well-situated VACANT TWO BEDROOM UPPER MAISONETTE; of interest to investors in particular, having a projected rental return of around £1,000 p.c.m. - equivalent to a lucrative gross yield of some 10% p.a.; keenly guided to reflect a short remaining lease term and the need for modest refurbishment. A prominent and varied commercial/residential thoroughfare, Albert Road runs from Victoria Road South to Highland Road, No. 50 being on the south side a short distance from the junction with Duncan Road. This exceptionally convenient position is a little over half a mile only from Southsea Seafront and places a wide range of public amenities within comfortable reach. Above shop premises, the apartment comprises the upper two floors of a three-storey, late-Victorian inner-terrace building having brick elevations under a pitched and tiled main roof. Previously let to two sharers, this opportunity is presented now in fair order and with the benefit of Vacant Possession. It is considered a very worthwhile, modestly priced addition to any investment portfolio, whilst also being suited to owner-occupation. Full particulars are given as follows:
HALLWAY
FIRST FLOOR
LANDING
BATHROOM & W.C. - 2.77m x 2.06m (9'1" x 6'9")
KITCHEN/BREAKFAST ROOM - 4.98m x 2.31m (16'4" x 7'7")
INNER HALL
BEDROOM ONE - 4.24m x 3.66m (13'11" x 12'0")
TOP (SECOND) FLOOR
LANDING
BEDROOM TWO - 4.37m x 3.61m (14'4" x 11'10")
LIVING ROOM - 3.07m x 2.41m (10'1" x 7'11")
GENERAL INFORMATION
SERVICE CHARGE: 60% of building outgoings.
GROUND RENT: £90 p.a.
COUNCIL TAX: Band 'B' - £1,614.24 per annum (2024-25).
EPC 'C'
VIEWING
D. M. NESBIT & CO.
(17774/048296)
ADDITIONAL AUCTION COSTS
Brochures
Brochure 1Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£90 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£0
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
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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: B
Albert Road, Southsea PO5 2SJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Fratton Station0.7 miles
- Portsmouth & Southsea Station0.9 miles
- Portsmouth Harbour Station1.4 miles
About the agent
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 leve
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference S752398. 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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