FOR SALE BY ONLINE AUCTION – 4 WEEKS’ COMPLETION - A vacant 1 bedroom first floor apartment located in the popular residential area of Bitterne. Ideal for investment, with an estimated monthly rent of £850 PCM and a gross rental yield of approximately 9.27%.
Auction date
To be sold by online auction on Friday 26th August 2022, bidding will open at 10.00.
To view
Please visit our website or call 01344 753 120 to book a viewing appointment at the following times: * Tuesday 09 August at 13.00 * Thursday 11 August at 13.00 * Tuesday 16 August at 13.00 * Thursday 18 August at 13.00 * Tuesday 23 August at 13.00 * Thursday 25 August at 13.00
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Close to local amenities * Good access to University of Southampton * Rail service from Woolston & Bitterne stations to London Waterloo via Southampton Central * Access to M27 & local major bus routes *
Description
* First floor apartment * Open plan living * 1 bedroom * Good condition * Investment potential
Accommodation
Open plan kitchen / living room, bedroom, bathroom
Outside
Allocated parking
EPC rating
C
Tenure
Leasehold with vacant possession
Lease
125 years from 2 March 2017 - 119 years remaining
Ground rent and service charge
Please see legal pack for further details.
Council tax band
A - Southampton City
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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