A one-bedroom leasehold ground floor flat in Southsea. Vacant and ideal for investors. (Title number: HP442793)
SOLD POST AUCTION: To be sold by public auction on the administrator's instruction. A one-bedroom purpose-built ground floor flat in Southsea, Portsmouth. Vacant and ideal for investors. To be sold via online bidding on Friday, 28 July 2023.
Auctioneer's comments: This Lot offers an opportunity to buy a vacant one-bedroom ground floor flat in Southsea, Portsmouth.'
Auction date
The property is to be sold by public auction on Friday 28 July 2023 via a 2-hour online bidding window.
Description
One bedroom ground floor flat, leasehold, vacant, 452 SQFT
Location
Pedam Close, Southsea, 0.5 miles from Eastney Beach
Accommodation
Ground floor: bedroom, kitchen/living area, shower room
Outside
Communal garden, allocated parking
EPC rating
C
Tenure
Leasehold with vacant possession
99 years from 25 March 1991
Local authority and council tax band
Portsmouth City Council
Council tax band: A
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 1.75% plus VAT (min. fee of £1,750 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
Lot 75 - Flat 3 Covindale House, Pedam Close, Southsea, Hampshire, PO4 9RY
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