1 bedroom apartment for saleFlat 1 The Lodge, Banister Road, Banister Park, Southampton, Hampshire, SO15 2JP
Sold STC £100,000
- A One Bed Ground Floor Purpose Built Apt.
- Currently Let On An AST At £6,300 PA
- Making An Ideal Investment Purchase
To be sold by Public Auction on 27th October 2016 at The Macdonald Botley Park Hotel, Winchester Road, Boorley Green, Southampton, SO32 2UA
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A One Bed Ground Floor Purpose Built Apt.
Currently Let On An AST At £6,300 PA
Making An Ideal Investment Purchase
Location:The property is centrally located within the popular residential area of Banister Park with the vibrant Bedford Place area only a short distance away along with Southampton Common and various other travel networks.
Accommodation:GROUND FLOOR: Communal Entrance Door to Communal Entrance Hallway. Private Front Door to Entrance Hallway, Lounge, Kitchen, Double Bedroom, Bathroom.
OUTSIDE: Residents parking.
Lease Details:The Lease is dated 14th March 2013 for a term of 215 years from 29th September 1971.
Tenancy Details:The property is let on an AST agreement from 2009 (now on periodic notice) at £525 pcm (£6,300 pa). A copy of the tenancy agreement will be included in the legal pack and all buyers are advised to have satisfied any enquiries over the status of the tenancy prior to bidding.
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.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Fox & Sons, Southampton Auctions on 02380 338066.
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