£130,000
(£215.59/sq. ft)
Block of flats for saleBitterne Road, Southampton SO18
603 sq. ft
Just added
About this property
Investment Consideration:
Gross Initial Yield: 9.23%
Rental Income: £12,000 p.a.
VAT is not applicable to this property
Comprises large ground floor 1-bedroom flat newly converted in 2023
Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst others.
Property Description:
Comprises large 1-bedroom flat situated at the rear of 432 Bitterne Road and providing the following accommodation and dimensions:
Ground Floor: 56 sq m (603 sq ft)
1 bedroom, kitchen/living room, bathroom, store/office
Tenancy:
The property is at present to an Individual on Periodic Tenancy at a current rent of £12,000 p.a.
Tenure:
Long leasehold. To be held on a 125 Year lease from completion at a ground rent of peppercorn.
Location:
Southampton is the main commercial and administrative centre of Hampshire and is located 70 miles south-west of Central London. Bitterne is a suburb located to the east of the City Centre. The city benefits from excellent road communications via the M27 and M3 Motorways. Bitterne Rail Station provides regular services to London via Southampton. The property is situated on the south side of Bitterne Road fronting the pedestrianised section, in the heart of the retail area. Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst many more.
Gross Initial Yield: 9.23%
Rental Income: £12,000 p.a.
VAT is not applicable to this property
Comprises large ground floor 1-bedroom flat newly converted in 2023
Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst others.
Property Description:
Comprises large 1-bedroom flat situated at the rear of 432 Bitterne Road and providing the following accommodation and dimensions:
Ground Floor: 56 sq m (603 sq ft)
1 bedroom, kitchen/living room, bathroom, store/office
Tenancy:
The property is at present to an Individual on Periodic Tenancy at a current rent of £12,000 p.a.
Tenure:
Long leasehold. To be held on a 125 Year lease from completion at a ground rent of peppercorn.
Location:
Southampton is the main commercial and administrative centre of Hampshire and is located 70 miles south-west of Central London. Bitterne is a suburb located to the east of the City Centre. The city benefits from excellent road communications via the M27 and M3 Motorways. Bitterne Rail Station provides regular services to London via Southampton. The property is situated on the south side of Bitterne Road fronting the pedestrianised section, in the heart of the retail area. Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst many more.
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Monthly repayment
£650 per month
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