Lot 21
    Retail Property (high street)
    45-47 Northam Road
    Southampton, Hampshire, SO14 0PD
    £130,000+
    Guide Price (plus fees)
    Number 1
    A Mid Terrace Mixed Use Building Arranged to Provide Two Ground Floor Retail Units and Ten Flats (6 x Studio, 4 x One Bedroom) Understood to be Let Producing £67,404 Per Annum

    Description

    The property comprises a mid terrace mixed use building arranged to provide two ground floor retail units and ten flats (6 x studio, 4 x one bedroom) on the remaining floors.

    Tenure

    Freehold

    Location

    The property is situated on a mixed use road close to local shops and amenities. The open spaces of Hoglands Park are within easy reach. Transport links are provided by Southampton Central rail station.

    Accommodation

    Lower Ground Floor
    2 x One Bedroom Flats

    Ground Floor
    Two Retail Units

    Raised Ground Floor
    2 x Studio Flats
    One Bedroom Flat

    First Floor
    3 x Studio Flats
    One Bedroom Flat

    Second Floor
    Studio Flat

    Tenancy

    One shop is subject to a commercial lease agreeement for a term of 36 months commencing 30th April 2024 at a rent of £217 pcm. One shop is vacant. The flats are all subject to a residential lease agreement from 1st April 2024 at a rent of £540 pcm per flat. The auctioneers are unable to verify the validity of the leases and if the rent is being paid and buyers are required to do their own due diligence.
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    Additional Fees and Disclaimer

    Administration charge: £1,800 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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    A Mid Terrace Mixed Use Building Arranged to Provide Two Ground Floor Retail Units and Ten Flats (6 x Studio, 4 x One Bedroom) Understood to be Let Producing £67,404 Per Annum

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