1 & 1A Leyton Road, Northam, Southampton, Hampshire (Archive)

> End Of Terrace Mixed Commercial/Residential Property
> GF Commercial Unit & FF One Bedroom Maisonette
> Ideal Investment With Potential Yield At 10% Plus

Guide Price: £120,000 Plus

Description:

Location

The property can be found in the Northam area of Southampton which is well placed for access to the city centre and adjoining areas. The new Meridian Waterside Development is nearby, located on the banks of the River Itchen and forms part of the areas major regeneration scheme.

Description

This two storey end of terrace property comprises a ground floor commercial unit that is currently tenanted and a first floor one bedroom maisonette offered in reasonable decorative condition with an estimated rent at £500 pcm. Each unit is provided with separate entrances and services. This property offers various potentials making it an outstanding investment purchase and addition to a professional landlords portfolio.

Accommodation

GROUND FLOOR: (Commercial - No. 1) - Front Door to open plan Reception Counter area, Front & Rear Office areas, Kitchen area, Inner Lobby, Rear Store, WC. OUTSIDE: Forecourt to front. The commercial unit enjoys full use of the enclosed rear courtyard with secure gates providing vehicular access. GROUND FLOOR: (Residential - No. 1a) Front Door to Entrance Hallway with Stairs to First Floor. FIRST FLOOR: Landing, Living/Dining Room, Double Bedroom, Inner Lobby, Kitchen, Bathroom.

Tenancy Details

The commercial unit is currently let on a 12 month agreement dated 1st October 2018 at £550 pcm (£6,600 pa). A copy of the tenancy agreement will be included in the legal pack and all prospective buyers are advised to satisfy any enquiries regarding the status of the tenancy prior to bidding. BUSINESS NOT AFFECTED.

Tenure

Freehold

EPC Rating

TBC

Important Notice

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price. Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at. When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.