154 & 156 Milton Road, Polygon, Southampton, Hampshire SO15 2HW

> Det. Property Comprising 2 x 3 Bed C4 Maisonettes
> Potential To Extend (STPP) & Enhance Accommodation
> Part Let (50%) On AST Agreements At £15,480 PA

Guide Price: Postponed

Description:

Location

The property can be found in the popular Polygon area of Southampton, which is ideally located to attract both private and student tenants. The area is well placed for the amenities available in the vibrant Bedford Place area together with convenient access to various travel networks. Southampton Ciry Centre is also nearby providing a comprehensive array of shopping, leisure and dining facilities.

Description

This detached property comprises 2 separate three bedroom maisonettes, each forming the ground and upper ground floor of the property. Both maisonettes are Licenced C4 HMO’s for three sharers per property and are currently part let on a room by room basis with 50% occupancy. The property offers various potentials, with the option to create en suite bedrooms and to create further accommodation within the roof space and the side elevation (STPP), all of which will raise the rental income significantly.

Accommodation

UPPER GROUND FLOOR: 154 – Front Door to Entrance hallway, Living/Communal Room, Kitchen, Bedroom One, Bedroom Two, Bedroom Three, Shower Room/WC. UPPER GROUND FLOOR: 156 – Front Door to Entrance Hallway with Stairs to Ground floor. GROUND FLOOR: Living/Communal Room, Kitchen, Bedroom One, Bedroom Two, Bedroom Three, Shower Room/WC. OUTSIDE: Forecourt area to front with substantial garden areas to the rear and side elevations. There is also an additional area that provides vehicular and rear pedestrian access to number 156 from Wilton Avenue.

Tenancy Details

The properties are currently part let on AST agreements on a room by room basis at £1,290 pcm, having previously achieved circa £2,560 pcm (£30,720 pa) when fully let. Rents are as follows: 154 Milton Road: Room 1 - Let on periodic AST at £400 pcm. Room 2 - Let on periodic AST at £450 pcm. Room 3 - Vacant 156 Milton Road: Room 1 - Vacant Room 2 - Vacant Room 3 - Let on a periodic AST at £440 pcm. Copies of these tenancy agreements will be included in the legal pack and all prospective buyers are advised to satisfy all enquiries regarding the status of the tenancies prior to bidding.

Tenure

Freehold

EPC Rating

154: D & 156: C

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.