Lot 5 - Flat 2, 75 Victoria Road North, Southsea, Hampshire, PO5 1PP

  • Unconditional Online Auction Sale
  • Guide Price* : £72,000

Addendum

Ongoing dispute with Landlord and Owner of Basement Floor Flat re liability for repairs needed to combat penetrating damp in basement flat. Basement flat owner disputing liability and asserts that costs should be considered as maintenance costs and split amongst all flat owners. See Leasehold Information within Legal Pack for further details.

Upper ground floor one bedroom apartment, within a converted period property.

Description

The property comprises an upper ground floor one bedroom apartment, within a converted period property. The property benefits from an open plan lounge/diner, a double bedrooms and a relatively large bathroom.

Location

The property occupies a convenient location, within walking distance of local shops, amenities and transport links on Elm Grove and Southsea town centre is just 2/3rd mile to the south.

Tenure

Leasehold for 99 years from 25th December 1987 at a ground rent of £50 per annum, rising to £100 per annum in December 2020 and £200 per annum in 2053. The service charge is £1,080 per annum. There is copy correspondence in the legal pack from the freeholder indicating they may consider a lease extension.

Accommodation

Lounge - 4.52m x 5.23m into bay (14'10" x 17'2" into bay )
Kitchen - 3.45m x 1.70m (11'4" x 5'7")
Bedroom - 5.03m x 2.82m (16'6" x 9'3")
Bathroom - 1.75m x 3.00m (5'9" x 9'10")

Buyers Administration Fee

There will be a Buyer's Administration Fee of £900 (inc VAT) and an Auction Management Fee of £1020 (inc VAT) payable upon exchange of contracts.

Additional Information

1. Completion will take place 21 days from the date of exchange.

2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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 (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.

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