>
Land for sale
Onslow Road, SOUTHAMPTON
£400,000
Onslow Road, SOUTHAMPTON
£400,000
Our Summary
- SUMMARYAVAILABLE AT £400,000 - > Freehold three storey terraced commercial property > Full planning for 7 x 1 bed flats & 2 x commercialunits > Ideal for Southampton Centre & rental purposesDESCRIPTION*** TO BE SOLD BY PUBLIC AUCTION ON 11TH MARCH 2025 AT THE GRAND CONNAUGHT ROOMS, 61 - 65 GREAT QUEEN STREET, LONDON, WC2B 5DA (Online bidding available) ***TenureFreehold & Leasehold with Vacant PossessionLease DetailsGround Floor Shop – The lease is dated 29th March 2016 for 150 years beginning on & including 1st January 2016, ending on & including 31st December 2165
- The property is being sold requiring complete modernisation, together with full planning permission for its replacement to create a four storey property comprising 7 x 1 bed flats and 2 x Class E commercial units
- Planning DetailsFull planning permission was granted subject to conditions on 14th July 2023 by Southampton City Council under application number 22/00968/OUT
- UNSOLD AT AUCTION
Description
This freehold three-story terraced commercial property in Southampton is being sold by public auction on March 11, 2025, with a guide price of £400,000. The property has full planning permission to convert it into 7 one-bedroom flats and 2 commercial units, making it an ideal investment opportunity for rental purposes. The property has been operating as a fast-food takeaway/restaurant with residential accommodation above, but requires complete modernization. The ground floor has a restaurant seating area, kitchen, and store room, while the first floor has an external staircase leading to a flat. The basement has a store room and stairs from the rear courtyard. The property is located on Onslow Road, a secondary access road to the city center, and is close to local amenities and schools. The buyer will need to pay a contract documentation fee of £1,500 and may also be required to pay additional fees upon completion.