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Comprising Seven Retail Units and Twenty-Nine Residential Units
The Residential Units comprise 25 x Studio Units and Four x 1 Bedroom Units
28 Residential Units are each subject to a Residential Property Letting Agreement and One Residential Unit is Vacant
Five Retail Units are subject to Commercial Property Lease Agreements and Two Retail Units are Vacant
41, 43 and 45 Northam Road are held on Long Leasehold Titles with 840 years remaining. 37, 39. 47 and 49 Northam Road are held Freehold
The Receivers understand that the Residential and Commercial Property Letting Agreements to A-Space Living were granted without the consent of the secured chargeholder. The secured chargeholder is willing to sell the lot by TR2 in exercise of its power of sale so that the buyer acquires the properties free from the A-Space leases
A Six Week Completion period is available on this Lot
Key Locations
The property is situated on the north side of Northam Road
An array of shops and amenities is available close by and within Southampton city centre
Southampton Central station is approximately 0.9 miles to the west
The property provides convenient access to the M27 and M271 motorways
East Park and Palmerston Park are both within walking distance
The University of Southampton and Southampton Solent University are both accessible
Additional Information
There is no planning record held for the residential units and there is a current planning enquiry. Interested parties are advised to carry out their own investigations and will be deemed to bid accordingly.
Agent Details
Allsop, Auction
020 3879 5993
Next Steps?
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