DESCRIPTION:
A modern first floor apartment, in the heart of Ocean Village, sold with tenants in situ, AST, currently generating a gross yield of 9%, at £10,800 per annum.
ACCOMMODATION:
Entrance Hall, Reception Room, Kitchen, Double Bedroom, Bathroom, Juliet Balcony, Lift Access, First Floor, Allocated Secure Undercroft Parking space.
LOCATION:
Southampton is a port city in the ceremonial county of Hampshire in southern England. It is located approximately 70 miles south-west of London. Southampton was the departure point for the RMS Titanic. The spitfire was built in the city and Southampton has a strong association with the Mayflower, being the departure point before the vessel was forced to return to Plymouth. More recently, Southampton is known as the home port of some of the largest cruise ships in the world.
TENURE:
Leasehold.
UNCONDITIONAL LOT:
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).
