Southampton, SO15

GROUND FLOOR STUDIO FLAT

A fantastic investment opportunity awaits with this ground floor studio apartment located on Howard Road, Southampton. Recently benefitting from an extended lease with 154 years remaining, this property offers both long-term security and the potential for improvement. While the apartment could benefit from some updating and modernisation, it represents a blank canvas for an investor or first-time buyer to enhance its value. The accommodation comprises a lounge/bedroom, a kitchen, and a shower room. Off-street communal parking is readily available at both the front and rear of the property. Investors will be particularly drawn to this opportunity, as the current tenant, who has resided here for around 6 years, is happy to stay on. The property offers an impressive yield of over 9%, making it a strong addition to any portfolio. The property features electric heating and UPVC double glazing. Situated close to Southampton city centre, Howard Road provides excellent access to local amenities, shops, and transport links, making it an ideal location for both tenants and owner-occupiers alike. Don't miss out on this excellent investment opportunity contact Goadsby estate agents in Southampton today to arrange a viewing! Agents Note: The apartment measures approximately 25 square metres, so buyers intending to purchase with a mortgage should seek advice before formally making an offer.
Additional Information
Tenure: Leasehold Lease Length Remaining: 154 years Ground Rent: ?65 per annum Service Charge: ?1398.30 Parking: Communal Residents Utilities: Mains Electricity Mains Water - metered Drainage: Mains Drainage Broadband: Refer to ofcom website www.ofcom.org.uk/phones-and-broadband Mobile Signal: Refer to ofcom website www.ofcom.org.uk/phones-and-broadband Flood Risk: For more information refer to gov.uk, check long term flood risk www.gov.uk/check-long-term-flood-risk Council Tax Band: A
Lounge/Bedroom 4.07m (13'4) x 3.93m (12'11)

Kitchen 2.08m (6'10) x 2.06m (6'9)

Shower Room 2.8m (9'2) x .74m (2'5)


DRAFT DETAILS

We are awaiting verification of these details by the seller(s).

ALL MEASUREMENTS QUOTED ARE APPROX. AND FOR GUIDANCE ONLY. THE FIXTURES, FITTINGS & APPLIANCES HAVE NOT BEEN TESTED AND THEREFORE NO GUARANTEE CAN BE GIVEN THAT THEY ARE IN WORKING ORDER. YOU ARE ADVISED TO CONTACT THE LOCAL AUTHORITY FOR DETAILS OF COUNCIL TAX. PHOTOGRAPHS ARE REPRODUCED FOR GENERAL INFORMATION AND IT CANNOT BE INFERRED THAT ANY ITEM SHOWN IS INCLUDED.