Description

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £120,000 This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties. Currently with a tenant in situ for immediate investment, this two bedroom third floor flat comprises an open plan living room with fitted kitchen and family bathroom. Other benefits include; intercom phone system, gas heating via radiators and double glazing. Located in the popular residential area of Cosham, the property is close to a range of amenities, including shops, supermarkets, restaurants and pubs. Excellent transport connections can be found from Cosham train station and many local bus routes. This exciting opportunity should not be missed! AGENT NOTES/MATERIAL INFORMATION: Portsmouth City Council Tax Band: B Energy Performance Rating: TBC Broadband estimated availability - Openreach, CityFibre, Virgin Media, EE & Three (Please refer to Ofcom broadband checker for further information) Mobile Availability - Vodafone, Three, O2 & EE (Indoor) Likely/Limited. Mobile Availability - Vodafone, Three, O2 & EE (Outdoor) Likely. 5G is available -Please refer to Ofcom mobile checker for further information. Flood Risk - Refer to - (GOV.UK (check-long-term-flood-risk.service.gov.uk) The property is connected to a mains supply for electric, gas and water and sewerage. Tenure: Leasehold Balance of Lease: 111 years remaining Ground Rent Charges: £150.00 per annum Ground Rent Review Period: TBC Maintenance/Service Charges: £1800.00 per annum Maintenance /Service Charges Review Period: TBC Building Insurance: TBC Confirmation of all charges relating to this property should be confirmed by your solicitor prior to any exchanging of contracts. Accommodation comprises: * Communal Entrance/Inner Hallway Stairs to all floors, on the third floor front door to: * Entrance/Inner Hallway Smooth ceiling, smooth walls with intercom phone, built in storage cupboard, radiator and doors to: * Lounge: 4.65m x 2.49m (15' 3" x 8' 2") Double glazed French style doors opening to 'Juliette' balcony, smooth ceiling, smooth walls and radiator. * Kitchen: 2.87m x 2.72m (9' 5" x 8' 11") Furnished with a range of wall and base units, stainless steel sink unit with mixer tap over and drainer, built in oven and hob with extractor hood over, plumbing for washing machine and space for fridge. Double glazed window, smooth ceiling, smooth walls and vinyl flooring. * Master Bedroom: 3.15m x 3.02m (10' 4" x 9' 11") Double glazed window, smooth ceiling, smooth walls and radiator. * Bedroom Two: 2.74m x 2.57m (9' x 8' 5") Double glazed window, smooth ceiling, smooth walls and radiator. * Bathroom: 2.13m x 1.65m (7' x 5' 5") Furnished with a white three piece suite incorporating panel enclosed bath with shower mixer tap over, pedestal wash hand basin with mixer tap over and close coupled WC. Smooth ceiling, smooth walls with tiling to principal areas and heated towel rail. Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services. This property is sold on a leasehold basis. The lease length is years. Please note that these are draft details and we are awaiting approval by the vendor.