13 bedroom property for saleVictoria House, Hampshire Terrace, Portsmouth, Hampshire
- Available Post Auction
- Auction Date : 12 December 2017
- Lot Number : 95
- Former Hotel Arranged As A Two-bedroom Maisonette, Two One-bedroom Flats And Nine Student Letting Rooms
- Residential Investment
- *Guide Price : £1,000,000 PLUS + Fees
Having started life as the Victoria Hotel and Public House, this substantial City centre building is at present let as student accommodation comprising a two-bedroom maisonette, two one-bedroom flats and nine studios. The building is situated very close to the centre of the Portsmouth University Campus, opposite Mercantile House, and a short walk from the University, library and the Spinnaker Sports Centre. The building has been in its current ownership for over four years, during which time it has been significantly improved. The accommodation is of a high quality, as reflected by the rental income that is currently being achieved.
Entrance porch/lobby, inner hall, manager's office, communal laundry room and cloakroom with W.C. Access to cellar. Two one-bedroom flats, both comprising living room/kitchen, shower room and W.C.
Ground Floor Flat
Entrance hall, living room/kitchen, bedroom and bathroom/W.C.
Entrance hall, living room and kitchen on the ground floor. Two bedrooms and bathroom/W.C. on the first floor.
Landing, communal bathroom with W.C. and shower room with W.C. Four studios, each with a living room/kitchen.
Landing, communal bathroom with W.C. and shower room with W.C. Studio comprising living room, separate bedroom and kitchen. Four further studios, each with a living room/kitchen.
Small courtyard garden to the rear.
Each studio is let on an Assured Shorthold Tenancy Agreement as detailed in the Table opposite.
Unit 12 is the two-bedroom maisonette and Units 1 and 11 are the one-bedroom flats (as detailed in the accommodation information).
Residential EPC: E
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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*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.
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 Clive Emson Auctioneers, Maidstone on 0345 8500333.
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