Standout Features
- Sold by Modern Auction (T&Cs apply)
- Subject to Reserve Price
- Buyer Fees Apply
- Modern Method of Auction
- 10% deposit payable
- Currently Tenanted at £1300pcm
- No Forward Chain
- 10.4% Gross Yield
Property Description
PROPERTY DESCRIPTION Your Urban Sanctuary Awaits: Exquisite Two-Bedroom Ground Floor Flat on Lion Terrace. Sold by Modern Auction. 10.4% gross yield (based on guide price).
Welcome to your tranquil retreat nestled on Lion Terrace-a charming ground floor flat that epitomizes comfort, convenience, and style.
Step inside to discover a spacious and meticulously designed interior, where modern living seamlessly intertwines with timeless elegance. Two well-appointed bedrooms offer ample space for relaxation and rejuvenation, ensuring you feel right at home from the moment you arrive.
Bid farewell to parking woes with the added convenience of allocated parking, allowing you to effortlessly navigate your daily routine. Plus, revel in the comforts of double glazing and gas central heating, providing a cozy ambiance throughout the year. With a long lease in place, you can enjoy peace of mind for years to come.
With no forward chain, the path to homeownership is clear, allowing you to transition seamlessly into your new abode without delay. Don't miss out on the chance to transform Lion Terrace into your urban sanctuary. Contact us today to schedule a viewing and embark on the journey to owning your dream home.
Please note: This is for investment only, being let out until March 2026, paying £1300pcm (10.4% gross yield).
LEASEHOLD INFORMATION 155 years from 25 March 2007 - 138 Year Lease
Service Charge - £1,771pa
Ground Rent - £250pa
Please note that Martin & Co have not checked or verified the lease terms or the service charge/ground rent costs. The information provided above has been provided to us from the Seller. Your solicitor will check all of the above during the conveyancing process and you should only rely on information provided by them when making the final decision as to whether to buy any leasehold property.
HMRC COMPLIANCE All sellers and buyers will be required to complete online identity checks provided by MoveButler. The cost of these checks is £60 inc. VAT per person which is paid in advance, directly to MoveButler. This charge verifies your identity in line with our obligations as agreed with HMRC.
AUCTIONEER COMMENTS This property is for sale by Modern Method of Auction allowing the buyer and
seller to complete within a 56 Day Reservation Period. Interested parties'
personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with
your lender before bidding. A Buyer Information Pack is provided. The buyer
is responsible for the Pack fee. For the most recent information on the Buyer
Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-
Refundable Reservation Fee of 4.5% of the purchase price including VAT,
subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the
property to the buyer during the Reservation Period and is paid in addition to
the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will
receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc.
VAT. These services are optional.
Welcome to your tranquil retreat nestled on Lion Terrace-a charming ground floor flat that epitomizes comfort, convenience, and style.
Step inside to discover a spacious and meticulously designed interior, where modern living seamlessly intertwines with timeless elegance. Two well-appointed bedrooms offer ample space for relaxation and rejuvenation, ensuring you feel right at home from the moment you arrive.
Bid farewell to parking woes with the added convenience of allocated parking, allowing you to effortlessly navigate your daily routine. Plus, revel in the comforts of double glazing and gas central heating, providing a cozy ambiance throughout the year. With a long lease in place, you can enjoy peace of mind for years to come.
With no forward chain, the path to homeownership is clear, allowing you to transition seamlessly into your new abode without delay. Don't miss out on the chance to transform Lion Terrace into your urban sanctuary. Contact us today to schedule a viewing and embark on the journey to owning your dream home.
Please note: This is for investment only, being let out until March 2026, paying £1300pcm (10.4% gross yield).
LEASEHOLD INFORMATION 155 years from 25 March 2007 - 138 Year Lease
Service Charge - £1,771pa
Ground Rent - £250pa
Please note that Martin & Co have not checked or verified the lease terms or the service charge/ground rent costs. The information provided above has been provided to us from the Seller. Your solicitor will check all of the above during the conveyancing process and you should only rely on information provided by them when making the final decision as to whether to buy any leasehold property.
HMRC COMPLIANCE All sellers and buyers will be required to complete online identity checks provided by MoveButler. The cost of these checks is £60 inc. VAT per person which is paid in advance, directly to MoveButler. This charge verifies your identity in line with our obligations as agreed with HMRC.
AUCTIONEER COMMENTS This property is for sale by Modern Method of Auction allowing the buyer and
seller to complete within a 56 Day Reservation Period. Interested parties'
personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with
your lender before bidding. A Buyer Information Pack is provided. The buyer
is responsible for the Pack fee. For the most recent information on the Buyer
Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-
Refundable Reservation Fee of 4.5% of the purchase price including VAT,
subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the
property to the buyer during the Reservation Period and is paid in addition to
the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will
receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc.
VAT. These services are optional.
Additional Information
Tenure:
Leasehold
Ground Rent:
£250 per year
Service Charge:
£1,771 per year
Council Tax Band:
C
Lion House, Portsmouth
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