*Guide | £130,000+ (plus fees)
- Retail Property (high street)
- Tenure: Freehold & Leasehold
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 Ten Flats (6 x Studio, 4 x One Bedroom) Understood to be Let Producing £67,404 Per Annum
The property comprises a mid terrace mixed use building arranged to provide two ground floor retail units and ten flats (6 x studio, 4 x one bedroom) on the remaining floors.
Tenure
Freehold & Leasehold
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 2 x One Bedroom Flats Ground Floor Two Retail Units Raised Ground Floor 2 x Studio Flats One Bedroom Flat First Floor 3 x Studio Flats One Bedroom Flat Second Floor Studio Flat
Tenancy
One shop is subject to a commercial lease agreeement for a term of 36 months commencing 30th April 2024 at a rent of £217 pcm. One shop is vacant. The flats are all subject to a residential lease agreement from 1st April 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.
