1 bed Flat For Sale £768,000
Waverley Apartments, Southsea

To be sold by Public Auction is this fantastic investment portfolio of 4 apartments and a store room (potential for converting to create a 5 apartment) along with the Freehold of a striking period building. Please note one other leasehold apartment is owned by another party. The apartments are all fully furnished and currently let on AST's providing an annual income of £42,180 per annum. With modern kitchen and bathroom fittings, the apartments are all presented in good decorative order throughout. 

APARTMENT B:
1 bedroom, hall/entrance floor apartment. Bay-fronted living room. Rent: £1000 per calendar month. Council Tax Band B £1,540.59 for the year 2023/2024

APARTMENT C:
1 bedroom first floor apartment. Open plan kitchen/living area. Rent: £895 per calendar month. Council Tax Band A £1,320.51 for the year 2023/2024

APARTMENT D:
Studio, first floor apartment. Rent: £725 per calendar month. Council Tax Band A £1,320.51 for the year 2023/2024

APARTMENT E
A store room. Potential for conversion to a studio apartment by splitting accommodation with Apartment F, creating two studio apartments. 

APARTMENT F:
1 bedroom, second floor apartment. Separate kitchen and living area. Rent: £895 per calendar month. Council Tax Band A £1,320.51 for the year 2023/2024


ADDITIONAL FEES:
Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts.
Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion.



MONEY LAUNDERING PROCEDURES


IN ACCORDANCE TO THE ABOVE, PLEASE BE ADVISED, THAT IF YOU INTEND TO BID ON THIS PROPERTY, THEN YOU WILL BE REQUIRED TO PROVIDE TWO FORMS OF ID (ONE PHOTO-TYPE). IF YOU ARE INTENDING TO BID ON BEHALF OF A THIRD PARTY, THEN WE WOULD REQUIRE BOTH ID FOR YOURSELF, PLUS A CERTIFIED COPY OF PHOTO ID FOR THE INTENDED PURCHASER.
PLEASE SEE WEB-SITE, FOR FURTHER DETAILS.