5 bedroom block of apartments for sale

Flats 1-3, Gaters Mill House, Mansbridge Road, Southampton, Hampshire, SO18 3HW

£355,000

Property Description

Key features

  • Fully Let on 3 x ASTs
  • Gross Income 20,580 per annum
  • Freehold Tenure
  • Attractive Setting Close to River Itchen
  • Convenient Access to M3 & M27 Motorways
  • Asset Management/Break Up Potential

Full description

Description:
The property is located approx. 4 miles north east of Southampton city centre and 1.5 miles from J5, M27.

Local shopping facilities are available close by in the popular area of West End.

The site forms part of the Gaters Mill Conservation Area and is set close to a Grade II Listed complex of buildings. It also borders the Itchen Valley Conservation Area.

The building is of centre terrace brick construction extended at the rear to provide three self contained flats.

Accommodation:
Ground Floor Flat - Arranged as entrance hall, lounge, bedrooms x 2, kitchen and bathroom.
Floor area approx. 67m

First Floor Flat - Arranged as hallway, lounge, kitchen, bathroom, bedroom x 2 (one with access to rear garden area).
Floor area approx. 68m

Second Floor Flat - Arranged as open plan living/kitchen area, bedroom and bathroom. Floor area approx. 47mNote: Floor areas obtained from Energy Performance Certificates and not measured by Primmer Olds B.A.S.

EPC:
Asset Rating:
Ground Floor - D68
First Floor - C69
Second Floor - F27

Tenancies:
GF - Let by way of an AST dated 21st April 2016 for a term of 12 months from 16th May 2016 at 565 pcm.
FF - Let by way of an AST dated 20th May 2016 for a term of 6 months from 17th July 2016 at 635 pcm.
SF - Let by way of an AST dated 20th May 2016 for a term of 12 months from 30th July 2016 at 515 pcm.
Total Gross Annual Rental Income - 20,580

Planning:
● Planning consent for change of use of ground floor to 2 bed flat and elevational alterations dated 14th January 1999. Ref. C/30563/010/UO.
● Certificate of lawful existing use or development dated 26th October 2015 for use of first (middle) floor and second (top) floor as separate residential units. Ref. U/15/77068.
● Conservation Area Status

Tenure:
The property is understood be of freehold tenure.

Terms:
Offers sought for our clients freehold title, subject to and with the benefit of the subsisting residential tenancies above, in excess of 355,000.

Subject to contract:

More information from this agent

Listing History

Added on Rightmove:
13 September 2016

Nearest stations

  • Swaythling (0.9 mi)
  • Southampton Airport Parkway (0.9 mi)
  • Bitterne (1.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Primmer Olds B.A.S., Southampton

61 Cromwell Road, Southampton, SO15 2JE

02382 200593 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Nearest stations

  • Swaythling (0.9 mi)
  • Southampton Airport Parkway (0.9 mi)
  • Bitterne (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Primmer Olds B.A.S., Southampton

61 Cromwell Road, Southampton, SO15 2JE

02382 200593 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference gatersmillhouse. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Primmer Olds B.A.S., Southampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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