- Let on AST +
- New development +
- No Onward Chain +
- Residents courtyard garden +
- Share of Freehold +
- Two double bedrooms +
- Warranty +
- Larger corner plot apartment +
- Investment opportunity +
LOT DATE 28th March 2025 at 12:00. HIGH RENTAL YIELD.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
BUY-TO-LET INVESTMENT OPPORTUNITY PRODUCING AN IMPRESSIVE YIELD.
An exclusive, share of Freehold corner plot apartment located within the new Bevois Residence development in Bevois Valley.
This two bedroom first floor apartment comprises of a large entrance hall, impressive open plan kitchen living room, two double bedrooms with integrated wardrobes and three piece bathroom suite. Boasting a high specification throughout, including integrated kitchen appliances, contemporary bathroom finish and a private courtyard garden for the residents to enjoy.
Bevois Residence is located minutes from the heart of the city centre. Local shops, travel links and amenities are all within walking distance, with the addition of motorway access and Southampton mainline train station within close proximity.
The apartment is currently let on an AST for £1,350pcm to two professional tenants, making this the perfect ready to go investment opportunity.
Southampton's determined City Centre Master Plan is playing a pivotal role in the city's transformation and drawing further investment into the city.
Uniquely for the city for a new build, this development boasts virtual freehold ownership. As such, the apartment will come with a 999 year lease (from 2020) with no ground rent charged, enabling investors to capitalise on maximum returns and security.
Tenure: Share of Freehold (997 years)
Ground Rent: £0 per year
Service Charge: £1,100 per year