*Guide | £150,000+ (plus fees)
- Retail Property (high street)
- 12 Bedrooms
- Tenure: Virtual Freehold
Call the team on 020 7625 9007 for more information
A Mid Terrace Mixed Use Building Arranged to Provide Two Ground Floor Retail Units and Twelve Studio Flats Understood to be Let Producing £80,364 Per Annum
The property comprises a mid terrace mixed use building arranged to provide two ground floor retail units and twelve studio flats on the remaining floors.
Tenure
Virtual Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Hoglands Park are within easy reach. Transport links are provided by Southampton Central rail station.
Accommodation
Lower Ground Floor Four Studio Flats Ground Floor Two Retail Units Raised Ground Floor Four Studio Flats First Floor Four Studio Flats
Tenancy
The shop is subject to a commercial lease agreement for a term of 36 months commencing 01/04/2024 at a rent of £217 pcm. The twelve flats are subject to a residential lease agreement from 30/04/2024 at a rent of £540 pcm per flat. The auctioneers are unable to verify the validity of the leases and if the rent is being paid and buyers are required to do their own due diligence.
We understand that there is no planning record for the residential units and there is currently a planning enquiry. Buyers should rely on their own enquiries.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
