Flat 28 - 1, Nancy Road, Portsmouth, PO1 5DF

Summary Pattinson Auction are delighted to offer for sale this well-presented two-bedroom apartment, offered to the market with tenants in situ and generating an attractive gross yield of approximately 8.5% based on the asking price.

Situated within a purpose-built development on Nancy Road, the property enjoys a highly convenient location within easy reach of Portsmouth City Centre, Commercial Road shopping facilities, Portsmouth & Southsea railway station and a wide range of local amenities.

The accommodation comprises a spacious living room, fitted kitchen, two double bedrooms and a family bathroom.

Additional benefits include secure entry to the building, gated undercroft parking, lift and stair access, and well-maintained communal areas throughout.

An ideal addition to any investment portfolio, the property offers immediate rental income from completion and a strong yield in a sought-after central location.

Council Tax Band: B Tenure: Leasehold (101 years) Ground Rent: 300 per year Service Charge: 2,021 per year Outside A purpose-built apartment building occupying a prominent corner position within the city centre.

The development benefits from secure entry, residents' parking and convenient access to a wide range of shops, restaurants, transport links and local amenities.

Bedroom 2 A double bedroom offering ample space for bedroom furniture, with a large window providing good natural light.

The room offers flexible accommodation and could equally serve as a guest bedroom, children's room or home office.

Bathroom Fitted with a white suite comprising a panel-enclosed bath with shower over, wash hand basin with storage beneath and WC.

The room is arranged to make efficient use of the available space, with tiling and shelving providing practical storage and functionality for everyday use.

Bedroom 1 A spacious double bedroom benefiting from a large window that allows for plenty of natural light.

The room comfortably accommodates a range of bedroom furniture and serves as an inviting principal bedroom.

Reception Room A generously sized living room providing plenty of space for family seating and additional furniture.

The room offers a practical layout that lends itself well to modern living, creating a comfortable environment for relaxing, entertaining and spending time with family and friends.

Kitchen Fitted with a range of wall and base units, the kitchen provides practical workspace and storage, complemented by integrated cooking appliances and space for additional white goods.

A window to the rear aspect allows for natural light, creating a functional and well-organised space for everyday use.

Parking The development benefits from secure gated undercroft parking for residents, providing convenient off-road parking within the development.

Council Tax Band: B Tenure: Leasehold Length of Lease: 101 Annual Ground Rent Amount: 2,021.00 Annual Service Charge Amount: 300.00 Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.

This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.

The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.

The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.

Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.

The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.

Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.

The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.

An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.

The Legal Pack will also outline the buyers obligations and sellers commitments.

It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.

The deposit will form part of the purchase price.

A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.

The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.

Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.

There is no requirement or obligation to use any recommended suppliers or services.