Available
Southampton – 1-Bed Flat
432B Bitterne Road, Southampton, Hampshire SO18 1BSLeasehold Residential Investment
Price
£130,000
Rent P.A.
£12,000
Yield
9.23%
Tenure
Leasehold
Area
603 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises large ground floor 1-bedroom flat newly converted in 2023
- Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst others.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
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
Ground Floor: 56 sq m (603 sq ft)
1 bedroom, kitchen/living room, bathroom, store/office
Tenancy Description
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.
Tenure:
Long leasehold. To be held on a 125 Year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
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.
