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PROPERTY LOCATION:

PROPERTY DETAILS:

  • Tenure: leasehold
  • Property type: First floor
  • Length of Lease: 114 years
  • Council Tax Band: A
Key features:
  • One bedroom first floor apartment
  • Walking distance to the city centre & railway station
  • Allocated parking space
  • Tenant in situ paying £895 PCM
  • 8.5 % yield
  • Open plan lounge & kitchen area

This one bedroom first floor apartment is conveniently located within walking distance of Shirley high street, the city centre, the central railway station with excellent transport links across Southampton, and West Quay’s retail park and shopping centre.

Currently let out at a figure of £900 PCM including the water bill this respresents an excellent yield of over 8% making it an attractive investment opportunity for landlords looking to add to their portfolio.

The apartment benefits from secure telephone entry system and once inside the property, the accomodation all accessed from the entrance hallway, comprises a light and bright double bedroom, a contemporary three piece bathroom suite with shower over the bath, and the open plan lounge dining and kitchen area.
The property also benefits from one allocated parking space

Leasehold
Unexpired Years: 115
Annual Ground Rent: £200
Ground Rent Increase: Rises to £400 from January 1st 2041
Ground Rent Review Period: TBC
Annual Service: £ 1650
These details are to be confirmed by the vendor’s solicitor and must be verified by a buyer’s solicitor.

ADDITIONAL INFORMATION

Services:
Water: Mains
Gas:No Mains
Electric: Mains
Sewage: Mains
Heating: Electric Radiators

Convenants/restrictions affecting the property:
The porperty is a leasehold flat, and standard leaseholder convenants aee conained in the lease.

Materials used in construction: Ask Agent
How does broadband enter the property: Ask Agent

For further information on broadband and mobile coverage, please refer to the Ofcom Checker online

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