2 bed Flat For Sale £748,000
Northern Apartments, Portsmouth

Sold by Public Auction is this interesting mixed portfolio comprising 5 furnished apartments with tenants in situ with a current annual income of £54,420 per annum. 'Northern Apartments' comprises: 'The Heights' - a spacious 2 bedroom apartment with shared access to a roof terrace, 'The Haven' - a 1 bedroom apartment, also sharing the roof terrace, 'The Bungalow' - a studio apartment with a personal entrance. These 3 apartments are found on Pitcroft Lane, a secluded pedestrian street, tucked away from but with easy access to the facilities on London Road and close to Mountbatten Centre and bus routes. 'London Road' - a generous 1 bedroom maisonette, also tucked behind the bustle of London Road and 'Northern Parade' - a well-presented 2 bedroom apartment in a popular Portsmouth City Council block with the benefit of an external store room and bike storage room. 

NORTHERN PARADE:
A well-proportioned 2 bedroom, first floor apartment. Immaculately presented with spacious rooms, contemporary fitted kitchen and modern bathroom suite. Currently let and achieving £1,000pcm (£12,000pa).
Lease commenced - 09/07/00. Lease Term - 125 years. Lease Term Remaining - 102 years Ground Rent & Service/Maintenance Charge - £2052.09 (includes £1059.24 reserve fund contributions) Council Tax Band A £1,320.51 for the year 2023/2024

THE HEIGHTS:
A spacious, first floor, 2 bedroom apartment, fully furnished and equipped. Includes double glazing and access to shared roof terrace. Spacious rooms, well-appointed and recently decorated. Achieving £995pcm (£11,940pa).
Lease commenced - 19/09/86. Lease Term - 99 years  Lease Term Remaining - 62 years. Ground Rent - Service/Maintenance Charge -
Council Tax Band A £1,320.51 for the year 2023/2024

THE HAVEN:
A generous, ground floor, 1 bedroom apartment. Well-equipped and finished following a recent refurbishment, currently vacant but most recently achieving £950pcm (£11,400pa). Lease commenced - 19/09/86. Lease Term - 99 years Lease Term Remaining - 62 years.  
Council Tax Band A £1,320.51 for the year 2023/2024

THE BUNGALOW:
A studio apartment with personal front door and courtyard, open plan living/kitchen/sleeping area, modern fitted shower room. Currently let and achieving £695pcm (£8,340pa). Freehold. Council Tax Band A £1,320.51 for the year 2023/2024

LONDON ROAD:
A fully furnished, well-equipped 1 bedroom first floor apartment with personal front door. Currently let and achieving £895pcm (£10,740pa). Lease Term Remaining - 111 years. Ground Rent and Service/Maintenance Charge - £500 per annum. 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.