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Fastnet House, South Parade, Southsea PO5 2JG

PROPERTY TYPE

Flat

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Description

TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED
(UNLESS SOLD PREVIOUSLY).
GUIDE PRICE:  £140,000-£150,000.
We invite IMMEDIATE CASH OFFERS, prior to possible Public Auction, for this well-appointed, purpose-built ONE BEDROOM HALL FLOOR SEAFRONT APARTMENT, benefitting from ALLOCATED CAR SPACE, central heating, replacement double-glazing, and secure entry; very keenly guided to reflect SHORT REMAINING LEASE TERM.  Built in the mid-1960s, 'Fastnet House' is a sought-after eleven-storey residential development occupying a prominent position at the junction of South Parade with Burgoyne Road, directly opposite Seafront ornamental gardens, minutes only from the open beach, and some half a mile from Southsea Town Centre (Palmerston Road Shopping Precinct). At upper ground level, and with an outlook to the south and west, Flat 2 itself has been the subject of relatively recent refurbishment, presenting now to a good overall standard, but rewarding modest cosmetic attention. Full details are given as follows:

LEASE DETAILS

The flat is held on the balance of a 99 years lease from December 1966, with some 41 years only remaining. The seller here being subject to a Court of Protection Order, no action can or will be taken to initiate a lease extension (although a valuation has been obtained), this being a matter for the eventual buyer to pursue at their own expense. 

 

Canopied steps up to:

RECESSED PORCH

With glazed, automatic main front door, having video entry system, to:

SPLIT-LEVEL LOBBY

Lift and stairs to upper floors.

FLAT 2

ENTRANCE HALL

4 recessed ceiling spotlights. Video security entry phone.

SHOWER ROOM & W.C.

(Formerly with bath). Contemporary white suite comprising:  walk-in shower with 'Triton' mixer, low flush WC with concealed cistern, and handbasin with mixer tap plus cupboards under. Extractor. Contemporary towel rail. 4 recessed ceiling spotlights.

KITCHEN/BREAKFAST ROOM - 4.22m x 2.24m (13'10" x 7'4")

Fitted and equipped with: base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel inset sink with mixer tap, electric oven, 4-ring ceramic hob with extractor, 'fridge/freezer. 'C & M' wall-mounted gas fired hot water boiler. Tiled floor. UPVC replacement double-glazed window to front elevation. 8 recessed ceiling spotlights.

BEDROOM - 4.42m x 3.12m (14'6" x 10'3")

UPVC replacement double-glazed window to side elevation. Radiator with ornamental grille. Wall-length range of built-in wardrobe and storage cupboards. Security intercom telephone.

LIVING ROOM - 5.33m x 4.42m (17'6" x 14'6")

A dual-aspect room with UPVC replacement double-glazed windows to the front and side. Radiator with ornamental grille. Multi-pane glazed door from Hall.

OUTSIDE

ALLOCATED CAR SPACE

Well-positioned adjacent the building's main entrance and having vehicular access via Burgoyne Road.

GENERAL INFORMATION

TENURE:  99 years leasehold from 29.12.1966 (41 years remaining).
SERVICE CHARGE:   £2,616.84 p.a. (to include communal central heating).
GROUND RENT:  £60 p.a.
COUNCIL TAX:  Band 'A' - £1,383.64 per annum (2024-25).

EPC 'E'

VIEWING

By appointment with SOLE AGENTS & AUCTIONEERS.
D. M. NESBIT & CO.
(17786/048300)

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

Tenure: 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.

£60 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.

£2616.84

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.

41 years left

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: A

Fastnet House, South Parade, Southsea PO5 2JG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Fratton Station1.2 miles
  • Portsmouth & Southsea Station1.4 miles
  • Portsmouth Harbour Station1.7 miles
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About the agent

Nesbits, Southsea

7 Clarendon Road, Southsea, PO5 2ED

Nesbits, Southsea

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

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Industry affiliations

Royal Institute of Chartered Surveyors

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Disclaimer - Property reference S887776. 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.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.

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