Zak Court, Guildford Road, Fratton PO1 5PB
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
12
- BATHROOMS
7
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
OFFERS INVITED PRIOR TO AUCTION.
GUIDE PRICE: £1,000,000
We invite immediate offers (strictly on Auction terms) for this lucrative, first-class INVESTMENT opportunity, being a MODERN BLOCK OF 7 APARTMENTS (2 x one-bedroom, 4 x two-bedroom, 1 x three-bedroom, plus garages and parking), all LET AND PRODUCING £63,660 p.a. (with scope for significant uplift), equivalent to a gross annual yield of 6%-plus. Built around 2004, 'Zak Court' occupies a prominent corner position at the junction of Guildford Road with St Mary's Road, a convenient residential location enjoying good city access and within comfortable reach of a wide range of public amenities. The building has brick elevations under a pitched, slate roof incorporating multiple dormer windows, and features three integral garages (one in use as a cycle store), plus a rear parking compound having allocated spaces for four cars with automatic gated access. All units have secure entry, electric heating, full double-glazing, and equipped kitchen. General presentation is to a good standard. Occupancy (on Assured Shorthold Tenancy) is as follows:
Flat 1 (2 Bedrooms) Let at £665 p.c.m.
Flat 2 (1 Bedroom) Let at £675 p.c.m.
Flat 3 (2 Bedrooms) Let at £900 p.c.m.
Flat 4 (2 Bedrooms) Let at £740 p.c.m.
Flat 5 (1 Bedroom) Let at £580 p.c.m.
Flat 6 (3 Bedrooms) Let at £950 p.c.m.
Flat 7 (2 Bedrooms) Let at £795 p.c.m.
TOTAL £5,305 p.c.m.
Rarely is a Freehold block such as this presented to the open market - 7 low-maintenance units under one roof, a very healthy current income, scope for uplift to be applied, and with potential for future breakdown disposal. Full particulars are given as follows and early viewing is invited:
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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated,Garage en bloc
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Zak Court, Guildford Road, Fratton PO1 5PB
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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 S1094778. 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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