Apartment
The apartment benefits from a bright and open plan living area space with a large built in storage cupboard and a modern fitted kitchen. Further features include gas central heating, communal gardens and residential parking. The property would make an ideal investment with a potential income of £750 pcm once let.
The property is situated in an extremely convenient and sought after location. Local shops are available in Shirley and more comprehensive facilities are available in the city centre which include West Quay. Southampton Common offers walks in over 300 acres of parkland and further recreational facilities may be found at the Sports Centre. There are easy access routes to the M3 and M27 and Southampton International airport is off junction 5 of the M27. The University and Southampton General Hospital are also within easy reach.
The Auctioneers have not inspected the property but believe it to comprise:
Security entry with telecom system. Stairs rising to all floors. Front door to flat situated on second floor.
Stripped wooden flooring. Doors to storage room and kitchen. Opening to living room.
Tiled flooring. part tiled walls. Fitted worktops with 1 & 1/2 stainless steel sink and drainer inset. Integrated appliances (all Bosch) including: hob with extractor fan above, double oven, fridge / freezer and washing machine. Range of wall and base soft close storage units. Spotlights.
Tiled flooring. Part tiled walls. Spotlights. 3 piece suite comprising: separate shower cubicle with rainforest shower, W.C. and hand wash basin with storage unit below. Door to:-
Original stripped wooden flooring. Wall mounted radiator under window to front aspect. Doors to walk-in-wardrobe and living room.
Stripped wooden flooring. Wall mounted radiator under window to rear aspect. Intercom entry phone. Door to:-
Stripped wooden flooring. Wall mounted radiator under window to rear aspect. Built in storage and desk.
Communal gardens with large areas of lawn with shrub, flower and tree borders. Off Road Parking available for residents and visitors with 2 x residents car parks on site.
We understand the lease term has 73 years remaining with a ground rent of £40 per quarter, and service charge of £1042 a Quarter (Breakdown £718 service charge & £324 major works sink fund) - heating and hot water bill included within service charge. The lease details will be confirmed within the legal pack.
Leasehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
