Unsold by public auction. Guide price: £50,000. Of interest to investors only: The freehold ground rent reversion producing £1,600 P.A. (rising to £6,400 p.a.). The property comprises a substantial, virtually detached late-Victorian building having rendered elevations, twin triple bay windows, and portico entrance, all under a modern tiled roof. It stands in a prominent corner position at the junction of Shaftesbury Road with Osborne Road, within sight of Southsea Common, and in the very heart of the town centre.
Ground Rent Schedule:
£200 p.a. Per flat for the first 33 years. £400 p.a. Per flat for the second 33 years. £800 p.a. Per flat for the third 33 years.
Notices pursuant to Section 5 of the Landlord and Tenant Act 1987 have been served upon the various leaseholders and formal acceptance received.
Insurance and maintenance provisions: See Legal Pack for copy leases.
D M nesbit & co. (17172/023042)
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.