Lower Canal Walk, Southampton, SO14

The Property
**PLEASE READ NOTES BY THE SELLER BELOW
BEFORE BOOKING A VIEWING**

This is an investment property which will be sold with a tenant in place who is currently renting and wishes to stay long term but is on a rolling contract. He has been in place for over 18 months. The property has always been let within 7 days of going on to Rightmove. It achieves rent income of £1250 a month currently.

There are also two ongoing potential issues around the purchase. The first is a B2 rating on the EWS1 form. Barratt homes are currently inspecting the building to work out what they need to do under the government policy to get the building to the right level to achieve a good EWS1 rating and will be performing the work but we don’t currently have timescales on when this will be complete by.

The second issue is there is an ongoing section 20 on the building for long-standing issues with water ingress to small sections of the roof for the whole building as well as issues around smoke extraction in the car park levels. This flat has never had any water ingress issues nor has any part of the gate it’s in. However, the other side of the building has had issues that therefore means work will be undertaken to replace the whole roof to put right the ongoing issues for some owners. Before the EWS1 fire safety issues this matter was identified as a problem and there is an on going battle to resolve this which will likely cost the leaseholders to pay out to fund some of this work and it’s likely that the building owner will have to cover some as well.

The obligation for funds and impact on any buyer is currently an unknown in terms of hard and fast number. For the above two matters there was a number quoted to fix the building which was 5.2 million pounds and this flats obligation to pay that was £18,000. However due to Barratt homes now being forced by the government to step up and cover the issues per the new laws this number is expected to be dramatically lower. The



The Apartment
Purple Bricks Southampton are proud to present to the market this top floor penthouse apartment with two parking spaces, situated in the always popular Oceana Boulevard development. This beautifully appointed property boasts in our opinion a high-level finish throughout with a contemporary fitted en-suite to the master and family bathroom, modern kitchen and open plan living space with access to the wrap-around balcony. We believe this stunning property would be an ideal choice for anyone looking within the city centre with great access to all the local amenities and transport links.

Communal Entrance
Security entry system, lift and stairs to all floors.

Entrance Hall
Wall-mounted electric heater, built in storage cupboard, doors to all rooms, porcelain tiled flooring.

Living Room
14'4" x 13' not inc recess
Double glazed French doors to side and rear aspect leading onto the wrap-around balcony, wall-mounted electric heater, porcelain tiled flooring, open arch to the kitchen.

Kitchen
10'5" x 5'9"
Double glazed window to the side aspect, modern fitted range of eye level and base fitted units with inset sink and drainer, integral oven with hob and cooker hood above, integrated slim-line dishwasher, washing machine and microwave with space for up-right fridge freezer.

Bedroom One
14'4" x 12' max
Double glazed French doors to the rear aspect, wall-mounted electric heater, door to the en-suite.

En-suite
Contemporary fitted three piece suite comprising low level WC, wash hand basin and double shower cubicle, heated towel rail, fully tiled with Porcelain tiles including flooring.

Bedroom Two
10'9" x 9'
Double glazed French doors to the rear aspect leading to the balcony, wall-mounted electric heater.

Bathroom
Opaque double glazed window to the rear aspect, modern fitted three piece suite comprising low level WC, wash hand basin and panel enclosed bath with mixer taps and shower attachment, heated towel rail, fully tiled including porcelain tiled flooring.

Outside
There are communal gardens that are predominantly laid to lawn with seating areas. There is also a residents gym with various weight and exercise machines which is for the exclusive use of the Oceana Boulevard residents.

Underground Parking
Two allocated under croft parking spaces which is accessed via remote control gate.

Location
Occupying a highly desirable city centre location overlooking Queen's Park, this well-presented 2nd floor apartment, is moments away from Ocean Village, Oxford Street and a wide array of independent restaurants, bars, shops and amenities.

Lease Information
Ground Rent is £255 P.A.

Service Charge £180 PCM.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: n/a

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.