1 bed Flat For Sale £60,000
Pedam Close, Southsea

FOR SALE BY AUCTION: To be sold by public auction on the administrator's instruction. A one-bedroom purpose-built ground floor flat in Southsea, Portsmouth. Vacant and ideal for investors. To be sold via online bidding on Friday, 28 July 2023.

Auctioneer's comments: 'This Lot offers an opportunity to buy a vacant one-bedroom ground floor flat in Southsea, Portsmouth.'

Auction Date - The property is to be sold by public auction on Friday 28 July 2023 via a 2-hour online bidding window.

To View - The property can be viewed by booking onto one of the advertised managed block viewings. Once you have registered to bid by setting up your online bidding account, you will be emailed a Calendly link to do this. Each block viewing is strictly 30 minutes, and no ad hoc viewings will be available. In most cases, a video tour will be available.

Description - One bedroom ground floor flat, leasehold, vacant, 452 SQFT

Outside - Communal garden, allocated parking

Location - Pedam Close, Southsea, 0.5 miles from Eastney Beach

Accommodation - Ground floor: bedroom, kitchen/living area, shower room

Epc Rating - C

Tenure - Leasehold with vacant possession
99 years from 25 March 1991

Local Authority And Council Tax Band - Portsmouth City Council
Council tax band: A

Pre-Auction Bids - To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.

Auction Fees - In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 1.75% plus VAT (min. fee of £1,750 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.