Basement/ Lock Up Store with Development Potential and Private Entrance, Southsea, PO5 - Leasehold
GUIDE PRICE: £35,000 to £40,000
Town & Country Property Auctions are delighted to offer for sale this unique development opportunity situated in Southsea, PO5. The property is currently a basement/ lock up store with potential (subject to planning) to convert into a studio apartment. The property has its own front & rear private entrance and long lease. Please review the legal pack for more information. The property is sold with vacant possession.
. Basement / Lock Up Store
. Potential to Convert into a Studio Apartment (STP)
. Long Lease
. Private Entrance
. Sold as Seen / Development Project / Storage
SERVICE CHARGE INFORMATION
. Remaining Lease: Approx. 96 Years Remaining
. Service Charge: Please review legal pack
. Ground Rent: £50 Per Annum
ARRANGE A VIEWING
Due to the COVID-19 restrictions all viewers must wear protective gloves, face masks and follow social distancing rules when viewing this property. Children under the age of 18 are not permitted to view. To arrange a viewing please contact us.
Viewings will be available on this property from the 17th of March 2021.
BUYING WITH A MORTGAGE / PROOF OF FUNDS
You must ensure that you have the ability to purchase the property before viewing. You will be asked to provide proof of funds if a cash buyer or a mortgage decision in principle if purchasing with a mortgage. If buying with a mortgage we suggest conducting a survey prior to the auction to ensure your lender is happy to lend. The winning bidder will be subject to paying our buyers premium and a 5% deposit which is non refundable.
*The guide price may not always be the same as the reserve price .The guide is an indication given by the Auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but most satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Basement Area, 79 Victoria Road North, Southsea, PO5 1PP