Flat 5, 89 Copnor Road, Portsmouth, Hampshire PO3 5AB

> A Second Floor Studio Flat
> Rental Potential At £6000 PA
> Suitable For Cash Buyers/Investors Only

Guide Price: £65,000

Description:

Lease Details

The Lease is dated 12th October 2006 for a term of 125 years from 29th September 2005.

Location

This second floor studio apartment is located in a popular residential area within walking distance of local amenities. The location also allows good access to road, rail and bus links to the surrounding areas.

Description

This converted studio apartment is located on the second floor of this building containing 5 self contained flats. The property will require improvements and would suit cash buyers/professional landlords. Rental income is anticipated to be around £500 pcm - £550 pcm.

Accommodation

GROUND FLOOR: Communal Entrance Hallway with Stairs to all Floors. SECOND FLOOR: Front Door into Entrance Hallway, Kitchen, Open Plan Lounge/Bedroom Area, Shower Room.

Tenure

Leasehold

EPC Rating

C

Important Notice

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price. Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at. When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.