Zak Court, Guildford Road, Fratton PO1 5PB

OFFERS INVITED PRIOR TO AUCTION.
GUIDE PRICE:  £1,000,000
We invite immediate offers (strictly on Auction terms) for this lucrative, first-class INVESTMENT opportunity, being a MODERN BLOCK OF 7 APARTMENTS (2 x one-bedroom, 4 x two-bedroom, 1 x three-bedroom, plus garages and parking), all LET AND PRODUCING £63,660 p.a. (with scope for significant uplift), equivalent to a gross annual yield of 6%-plus.  Built around 2004, 'Zak Court' occupies a prominent corner position at the junction of Guildford Road with St Mary's Road, a convenient residential location enjoying good city access and within comfortable reach of a wide range of public amenities. The building has brick elevations under a pitched, slate roof incorporating multiple dormer windows, and features three integral garages (one in use as a cycle store), plus a rear parking compound having allocated spaces for four cars with automatic gated access. All units have secure entry, electric heating, full double-glazing, and equipped kitchen. General presentation is to a good standard. Occupancy (on Assured Shorthold Tenancy) is as follows:  
Flat 1 (2 Bedrooms) Let at £665 p.c.m.
Flat 2 (1 Bedroom)   Let at £675 p.c.m.
Flat 3 (2 Bedrooms) Let at £900 p.c.m.
Flat 4 (2 Bedrooms) Let at £740 p.c.m.
Flat 5 (1 Bedroom)   Let at £580 p.c.m.
Flat 6 (3 Bedrooms) Let at £950 p.c.m.
Flat 7 (2 Bedrooms) Let at £795 p.c.m.
TOTAL   £5,305 p.c.m.
Rarely is a Freehold block such as this presented to the open market - 7 low-maintenance units under one roof, a very healthy current income, scope for uplift to be applied, and with potential for future breakdown disposal. Full particulars are given as follows and early viewing is invited:

RECESSED PORCH

COMMON HALLWAY

GROUND FLOOR

FLAT 1

Entrance Hall

Bathroom & W.C. - 2.06m x 1.68m (6'9" x 5'6")

Bedroom One - 4.39m x 3.28m (14'5" x 10'9")

Bedroom Two - 3.02m x 2.36m (9'11" x 7'9")

Living Room - 4.47m x 3.63m (14'8" x 11'11")

Kitchen - 3.45m x 2.03m (11'4" x 6'8")

FLAT 2

Entrance Hall

Bathroom & W.C. - 2.08m x 1.68m (6'10" x 5'6")

Bedroom - 2.97m x 2.87m (9'9" x 9'5")

Living Room - 4.32m x 3.66m (14'2" x 12'0")

Kitchen - 3.45m x 2.08m (11'4" x 6'10")

FIRST FLOOR

FLAT 3

Entrance Hall

Bathroom & W.C. - 2.08m x 1.65m (6'10" x 5'5")

Bedroom One - 4.34m x 3.3m (14'3" x 10'10")

Bedroom Two - 3m x 2.36m (9'10" x 7'9")

Living Room - 4.47m x 3.66m (14'8" x 12'0")

Kitchen - 3.45m x 2.16m (11'4" x 7'1")

FLAT 4

Entrance Hall

Bathroom & W.C. - 2.13m x 1.7m (7'0" x 5'7")

Bedroom One - 3.91m x 3.3m (12'10" x 10'10")

Bedroom Two - 2.97m x 2.87m (9'9" x 9'5")

Living Room - 4.34m x 3.66m (14'3" x 12'0")

Kitchen - 3.45m x 2.26m (11'4" x 7'5")

FLAT 5

Lobby

Entrance Hall

Bathroom & W.C. - 2.03m x 1.68m (6'8" x 5'6")

Bedroom - 3.71m x 2.84m (12'2" x 9'4")

Living Room - 3.86m x 3.66m (12'8" x 12'0")

Kitchen - 4.27m x 1.65m (14'0" x 5'5")

TOP (SECOND) FLOOR

FLAT 6

Entrance Hall

Bathroom & W.C. - 2.97m x 2.29m (9'9" x 7'6")

Kitchen/Breakfast Room - 4.37m x 3.02m (14'4" x 9'11")

Living Room - 4.39m x 4.22m (14'5" x 13'10")

Bedroom One - 4.39m x 3.3m (14'5" x 10'10")

Bedroom Two - 3.63m x 2.97m (11'11" x 9'9")

Bedroom Three - 4.29m x 3.38m (14'1" x 11'1")

FLAT 7

Entrance Hall

Bathroom & W.C. - 2.06m x 1.65m (6'9" x 5'5")

Living Room - 4.72m x 3.86m (15'6" x 12'8")

Kitchen - 4.11m x 1.65m (13'6" x 5'5")

Bedroom One - 3.89m x 3.1m (12'9" x 10'2")

Bedroom Two - 2.84m x 2.69m (9'4" x 8'10")

OUTSIDE

COUNCIL TAX BANDS

EPCs

VIEWING

ADDITIONAL AUCTION COSTS