Key Details

• FOR SALE BY AUCTION – T&C’S APPLY
• SUBJECT TO AN UNDISCLOSED RESERVE PRICE
• RESERVATION FEE APPLICABLE
• THE MODERN METHORD OF AUCTION
• NO FORWARD CHAIN
• TWO BEDROOM APARTMENT
• SEAFRONT VIEWS
• ALLOCATED PARKING SPACE

Full Description

***For sale by Modern Method of Auction; Starting Bid Price £130,000 plus Reservation Fee.***

This wonderful top floor apartment, located a short walk from Southsea seafront and Palmerston Road, comes with an allocated parking space.

The large lounge is flooded with natural light from the south facing, sash style windows. A modern fitted kitchen offers ample work and cupboard space.

Moving through, the the property has two well proportioned bedrooms and a modern three piece bathroom.

This property is for sale by the Yorkshire Property Auction powered by iam-sold Ltd

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been

LOUNGE

BEDROOM ONE

BEDROOM TWO

KITCHEN

BATHROOM

Leasehold Information

Lease Length: 98 Years
Service Charge: £880p/a
Ground Rent: £50p/a
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.

Letting Information

If you are considering buying this property as a buy to let investment, we can advise that we would expect to achieve in the region of £800PCM. This would provide a 5% gross return based on the current asking price. If you would like any further information about our residential letting services or just require general lettings advice, please call us on 023 9286 4974 or email southsea@bernardsestates.co.uk