342 & 344 Burgess Road, Swaythling, Southampton, Hampshire SO16 3BJ

> 2 x five bedroom semi detached houses
> Let on AST terms achieving joint income of £37,800 pa
> HMO licences granted until May 2024

Guide Price: £400,000 Plus

Description:

Description

This pair of semi detached houses are being offered as one investment opportunity, close to the main Southampton University campus. The properties are being brought to market due to the retirement of the current landlord and each property is let under its own tenancy agreement, with its own HMO licence granted until May 2024.

Location

The properties are located towards the southern end of Burgess Road close to the junction with Burgess Road and High Road. The main Southampton University campus is just a short distance away and the property is perfectly positioned for excellent local amenities and public transport.

Accommodation

342 Burgess Road: Ground Floor: Entrance Hallway, Bedroom One, Bedroom Two, Lobby, Kitchen, Bathroom. First Floor: Landing, Bedroom Three, Bedroom Four, Lounge/Study Area, Bathroom, Bedroom Five. 344 Burgess Road: Ground Floor: Entrance Hallway, Bedroom One, Bedroom Two, Lobby, Kitchen/Diner, Bathroom. First Floor: Landing, Bedroom Three, Bedroom Four, Shower Room, Lounge/Study Area, Bedroom Five. Outside: The gardens for both properties are open plan with off road car parking. To the very rear is a pair of detached single lock up garages which have been let.

Tenancy Details

342 Burgess Road - Let on a single AST agreement to 5 tenants at £1,625 PCM (£19,500 pa) from 25th September 2020 until 23rd June 2021. 344 Burgess Road - Let on a single AST agreement to 5 tenants at £1,525 PCM (£18,300 pa) from 1st August 2020 until 23rd June 2021. Copies of the tenancy agreements will be included in the legal pack and all buyers are advised to have satisfied any enquiries regarding the current status of the tenancies prior to bidding.

Agents Note

The two properties are being offered under one contract, although there may be the option to jointly exchange each property separately, by prior agreement.

Lease Details

Each property is held on its own lease dated 2nd July 1897 for a term of 1000 years from 25th March 1896.

Tenure

Freehold

EPC Rating

342 - D. 344 - D.

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.