Flat for sale in Latham Road, Fair Oak, Eastleigh SO50

For Sale by Online Auction on 18th September 2024 (unless sold prior): A Self-Contained 3 Bed Flat - Residential Investment - Gross Yield 11% - Flat let on AST prod. £9,900 per annum (£825 pcm).

Situation

Located close to the junction with Sandy Lane within this mixed commercial and residential development, conveniently located less than 2 miles from Eastleigh town centre and Eastleigh Station (National Rail).
Eastleigh is a prosperous market and commuter town situated 5 miles north-east of Southampton and 10 miles south of Winchester, benefiting from excellent road communications via the M3 (Junction 13) and M27 (Junction 5).

Property

Forming part of a mixed use development comprising a Self-Contained 3 Bed Flat on the first floor accessed from the rear of the building via a communal rear balcony. The flat benefits from uPVC double gazing, gas central heating and a balcony. In addition, the property includes a Garage.

Accommodation (measurements to maximum points)
First Floor Flat
Bedroom 1 12’4” × 8’10”
Bedroom 2 10’11” × 8’10”
Bedroom 3 8’9” × 6’7”
Living Room/Kitchen 27’8” × 9’11”
Bathroom
Separate WC

gia Approx. 670 sq ft plus Balcony and Garage

VAT is not applicable to this Lot

Tenure

Leasehold for a term of 125 years from completion at a peppercorn ground rent.

Tenancy

The property is let on an Assured Shorthold Tenancy to 2 Individuals for a term of 1 year from 14th December 2021 (Holding Over) at a current rent of £9,900 per annum exclusive (£825 pcm).

Note 1: There is a £923 Rent deposit held.

Note 2: 6 week completion.