Fratton Way, Southsea PO4 8FD
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Description
TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED
(UNLESS SOLD PREVIOUSLY).
GUIDE PRICE: £150,000.
We invite, prior to possible Public Auction, immediate CASH OFFERS from investors and owner-occupiers for this VACANT MODERN TWO BEDROOM 3rd FLOOR APARTMENT benefitting from allocated car space, lift service, electric heating, double-glazing, secure entry, balcony, and en-suite. Built around 2008, the Vista building occupies a prominent position at the junction of Fratton Way with Goldsmith Avenue, a location enjoying ready access to a wide range of public amenities, including: Fratton main-line station, supermarket, bus services, St Marys Hospital, various schools and, some one mile away, Southsea Seafront. With a projected rental income of around £1,200 p.c.m. (equivalent to a gross yield of 9.5%, or around 7.25% when deducting Service Charge), this keenly guided opportunity is considered to be an excellent addition to any investment portfolio, or to be well-suited to owner-occupation. Full details are as follows:
MAIN ENTRANCE
COMMON LOBBY & HALLWAY
FLAT 26
ENTRANCE HALL
BATHROOM & W.C. - 2.57m x 2.18m (8'5" x 7'2")
MASTER BEDROOM - 4.72m x 2.72m (15'6" x 8'11")
EN-SUITE SHOWER ROOM & W.C.
BEDROOM TWO - 3.53m x 2.69m (11'7" x 8'10")
LIVING ROOM - 4.67m x 3.38m (15'4" x 11'1")
KITCHEN - 2.44m x 2.31m (8'0" x 7'7")
OUTSIDE
ALLOCATED CAR SPACE within the building's secure underground car park.
GENERAL INFORMATION
Service Charge: £3,478 p.a.
Ground Rent: £250 p.a.
Council Tax: Band 'B' - £1,614.24 per annum (2024-25).
EPC 'B'
VIEWING
D. M. NESBIT & CO.
(17761/044296)
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.
£250 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.
£3478
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.
111 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: B
Fratton Way, Southsea PO4 8FD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Fratton Station0.3 miles
- Portsmouth & Southsea Station1.1 miles
- Portsmouth Harbour Station1.8 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 S678003. 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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