Flat for sale in Highland Road, Southsea PO4

To be sold by public auction (unless sold previously)
guide price: £90,000-£95,000.
We invite immediate cash offers, prior to possible Public Auction, from investors and owner-occupiers for this well-situated vacant one bedroom purpose-built ground floor flat with courtyard garden and newly extended lease; now requiring refurbishment.
Highland Road runs from Festing Road/Albert Road junction to the main Eastney Road, 'Marlin Court' being on the south side a few yards from the latter. This exceptionally convenient position is some quarter of a mile only from The Seafront, a little over a mile from Southsea Town Centre (Palmerston Road Shopping Precinct) and within comfortable reach of a wide range of public amenities. Built in 1984, 'Marlin Court' is a small residential development of just five units. It features brick elevations under a pitched and tiled roof. Previously let, Flat 3 itself now, as stated, will reward a programme of up-dating and re-decoration, upon completion of which lending itself to either owner-occupation or lucrative letting (having a projected rental return of around £800 p.c.m.). Full particulars are given as follows:

Recessed porch

Having aluminium-framed and double-glazed main door, with security entry system, to:

Common hallway

Access to bin storage area at rear of building.

Flat 3

entrance hall

Artex ceiling. Night storage radiator. Built-in cupboard housing lagged hot water tank. Security intercom telephone. Circuit breakers.

Bathroom & W.C. - 2.34m x 1.98m (7'8" x 6'6")

White suite comprising: Pedestal handbasin, low flush w.c., and panelled bath with mixer tap and shower attachment. Obscure double-glazed window to rear elevation.

Bedroom - 3.25m x 2.51m (10'8" x 8'3")

Artex ceiling. Double-glazed window to front elevation. Electric panel heater.

Dual-aspect living room - 4.27m x 3.1m (14'0" x 10'2")

Artex ceiling. Night storage radiator. Double-glazed window to front elevation. Pair of sliding double-glazed patio doors to courtyard. Arched opening to:

Kitchen - 2.03m x 1.96m (6'8" x 6'5")

Fitted and equipped with: Base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel sink unit, electric oven, and 4-ring ceramic hob. Plumbing for washing machine. Replacement double-glazed window to rear elevation. Artex ceiling.

Outside

Bin storage area.

Private courtyard

Of broadly triangular shape, the main area being: 14'3 x 8'0 (4.34m x 2.44m). Laid to paving with walled and fenced surround. Pedestrian gate.

General information

tenure: Leasehold; completion awaited upon an agreed extension, the new term being for 125 years from 25th March 2024.
Service charge: £230.81 per quarter.
Ground rent: A peppercorn.
Council tax: Band 'A' - £1,153.04 per annum (2024-25).

EPC 'D'

viewing

By appointment with sole agents & auctioneers,
D. M . Nesbit & co.
(17868/051332)

additional auction costs

A Buyer's Premium of £450 + V.A.T., will be payable by the purchaser to the Auctioneers, either in the Saleroom or, if the Lot is sold prior to Auction, at the offices of Nesbit & Co. An Auction Legal Pack (including Contract of Sale and Special Conditions) will be prepared by the Seller's Solicitors and available for inspection by interested parties. Those intending to bid are advised to make themselves aware of the content of the Legal Pack, containing, as it will, information in respect of any other charges that may apply (Search Fees and/or Seller's legal costs for example).