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Property Listing Details

Property details

Listing view statistics

Last 30 days: 210 page views

Since listed: 210 page views

Description

To be sold by public auction Thursday 21st November 2019.
Guide price: £35,000+
of interest to investors only: The freehold ground rent reversion held upon a purpose-built Seafront development comprising 10 apartments. Producing £800 p.a., rising to £3,400 p.a.

Flat 1

125 years from 02/01/1985.
Ground Rent £300 p.a., rising to £1,200 p.a.

Flat 2

125 years from 02/02/1979.
Ground Rent £100 p.a., rising to £800 p.a.

Flats 3 & 7

215 years from 02.02.1985.
Ground Rent - Nil.

Flats 4,5,6, & 8

215 years from 02.02.1979.
Ground Rent - Nil.

Flat 9

125 years from 02.02.1985.
Ground Rent £100 p.a., rising to £200 p.a.

Flat 10

125 years from 16.11.2018.
Ground Rent £300 p.a., rising to £1,200 p.a.

Total Income Thus

£800 p.a., rising to £3,400 p.a.

Note

See Auction Legal Pack for copy leases, details of incremental increases in Ground Rent, insurance/maintenance provisions, etc.

Auctioneers

D. M. Nesbit & co.
(17167/024071)

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You could get

Superfast broadband Superfast broadband

Up to 55 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Southsea Hoverport 0.6 miles
  • Portsmouth IOW Car Ferry Terminal 1.1 miles
  • St Swithun's Catholic Primary School 0.3 miles
  • Mayville High School 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Southsea Hoverport 0.6 miles
  • Portsmouth IOW Car Ferry Terminal 1.1 miles
  • St Swithun's Catholic Primary School 0.3 miles
  • Mayville High School 0.3 miles

Market stats

Sale activity

Average estimated value for a house in PO5:

  • £602,986
  • Price decrease

  • -£49,417
  • (-7.575%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £707,857
  • Properties sold

    7

Rental opportunities

£750 pcm

Recent sales nearby

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Estimated running costs

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The Agent

Price history

Sold prices provided by Land Registry
11th Oct 2019 £35,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by DM Nesbit & Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact DM Nesbit & Co for full details and further information.