Vendor: Housing Association

A large, freehold building arranged as 2 x 2 bedroom flats (776 sq ft each) that will benefit from refurbishment. Development potential, vacant.

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Description/Location

Situated in the Polygon district, convenient for central Southampton, Universities and local amenities. Planning consent for conversion was granted in 2001. We estimate rental values, post refurbishment at £1100 pm each.

Tenure

Freehold
Energy Ratings: C (both flats)

Viewing

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: Sitting room, 2 bedrooms, kitchen, bathroom, separate wc. First Floor: Sitting room, 2 bedrooms, kitchen, bathroom, separate wc. Outside: Gardens front and rear.

Rent

ERV: £26,400 pa

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*Guide Price & Reserves

Generally speaking Guide Prices 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. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.