270/270A, Arundel Street, PORTSMOUTH, Hampshire, PO1 1NT

ANNOUNCEMENT UPDATED 17TH OCTOBER - LATE
THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT THIS HAS BEEN ADDED TO THE LEGAL PACK.
IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.
Announcement
Please see the “ANNOUNCEMENT” on the Legal Docs.
LOT 210 – 270/270A ARUNDEL STREET, FRATTON, PORTSMOUTH, HAMPSHIRE, PO1 1NT
The Seller has agreed a lease extension for the first floor flat 270A Arundel Street and will exchange and complete this agreement prior to completion of the auction sale contract. The lease extension will have the effect of extending the lease of the first floor flat for a total term of 189 years at a fixed ground rent of £75.00 per annum. The Seller shall be entitled to delay completion of this auction sale contract for a period of up to three months should this be required to enable completion of the lease extension and after this period, shall be entitled to rescind this agreement if the lease extension has not been completed by that time.
Purchasers should note that following the lease extension the ground rent of £75 per annum shall only apply to the remainder of the initial lease term i.e 67 years

THE SELLER RESERVES THE RIGHT TO OFFER LOTS 209 TO 211 AS ONE LOT FIRST
Two Freehold Buildings Arranged as Two Flats and One arranged as One Flat and Former Dental Studio
One Unit Vacant, One Flat Sold
Valuable Reversions

Location:
The properties lies in this popular part of Portsmouth within easy access of the town centre and the popular area of Gunwharf Quays, Spinnaker Tower and the Historic Dockyard all located within 1/.5 miles to the west. There is a good range of local facilities available immediately to hand whilst the centre of Portsmouth provides comprehensive shopping facilities and recreational pursuits. Transport links are provided by local bus services whilst the rail station at Fratton is within some 10 minutes’ walk of the property.


Accommodation/Leases (continued):

Lot 210 – 270/270A Arundel Street
Being a freehold building arranged as a first floor flat sold on a long lease and a ground floor vacant flat.
270 comprises a vacant ground floor flat arranged to provide: One Bedroom, reception Room, Kitchen, Bathroom/wc.
EPC Rating C.
Council Tax Band A.
270A a first floor flat sold on a lease for a term of 99 years from 20th July 1990 at a ground rent of £75 per annum – valuable
reversion in 66 years

To view Vacant Ground Floor: Fri 13/10, Mon 16/10 at 5pm
No booking required - Please arrive at the time stated


Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.