- ONE BEDROOM FIRST FLOOR PARTMENT
- LONG LEASE LENGTH
- SHARE OF FREEHOLD
- TENANT IN SITU PAYING £500 PER MONTH
- FUTURE RENTAL RETURN ESTIMATD AT £600 PER MONTH
- GATED ENTRANCE
- CLOSE TO ALBERT ROAD
- NO CHAIN
FIRST TIME BUYERS OR INVESTORS. COLLINGWOD ROAD SOUTHSEA
A ONE BEDROOM fist floor flat on Collingwood road with tenants in situ. This is a spacious flat which comes with a share of the freehold and a long lease term.
The current tenant pays £500 per calendar month as he has been a long standing tenant. The estimated rental income in the future would be around £600.
For more information and to book an internal viewing, call Bernards on 023 9286 4974.
Located on the end-of-terrace. Flat B is accessed through a security gate to the rear of the main building
2.13m x 7.24m (7′ x 23’9″)
Open plan kitchen/living area with an exposed staircase which leads to the first floor
2.18m x 4.72m (7’2″ x 15’6″)
Spacious double bedroom with dual aspect windows and access to the bathroom
2.08m x 1.14m (6’10” x 3’9″)
Brand new bathroom, with a shower cubicle, wash basin and toilet
circa 980 year lease
Tenant pays 50% of the “Building Expenses” (see lease but this is strictly 50% of the shared costs relating to the residential property only). The Building Expenses are charged only as and when any works are required. Nil expenses incurred in last 3 years and hence no service charge payable.
Ground rent: £150pa
Buildings Insurance: 50% of the annual insurance which for 07.01.19 – 06.01.20 was £728.77 for the building so £364.38 per flat
Please note that Bernard’s Estate Agents have not checked or verified the lease terms or the service charge/ground rent costs. The information provided above has been provided to us from the Seller. Your solicitor will check all of the above during the conveyancing process and you should only rely on information provided by them when making the final decision as to whether to buy any leasehold property.
Council Tax Band A
Portsmouth City Council: £864.99 Hampshire Fire & Rescue: £45.14 Police and Crime Commissioner: £134.31 Total: £1110.57
As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company. Please ask a member of our sales team for further details and a quotation.