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Lot - 76B Kingston Road, Portsmouth, Hampshire, PO2 7PA

Guide Price* £90,000 +

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Property Type
Flat
Tenure
Leasehold
Type
Residential
Bedrooms
1
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Leasehold ground floor purpose built flat
  • Reception / kitchen, bedroom, bathroom/wc, patio garden
  • Close to amenities and transport facilities.
  • Investment producing £10,500.00 per annum

Leasehold ground floor one-bedroom purpose-built flat with patio garden - Investment producing £10,500.00 per annum.

Description

Leasehold ground floor purpose-built one-bedroom flat with patio garden.

Location

The property is situated close to the junction with Toronto Road. Public transport facilities include Fratton, Portsmouth & Southsea railway station (GWR, Southern & Southwestern networks) stations. Shopping amenities can be found locally along Kingston Road. Recreational pursuits are at Buckland Park.

Accommodation

Reception / kitchen, bedroom, bathroom/wc

Outside: Rear patio garden

Tenancy

Let on an assured shorthold tenancy for 12 months from 20/5/2025 at a rent of £875.00 per month.

Total current rent received £10,500.00 per annum

Lease Details

Held on a lease for a term of 99 years from 1/1/1999 at a ground rent of £50 per annum. (rising)

EPC Rating

C

Council Tax Band

A

VAT

VAT is not applicable to this lot

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

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