>
9 bedroom block of apartments for sale
St. Mary Street & Flats 2a-2h Ascupart Street, SOUTHAMPTON
£535,000
St. Mary Street & Flats 2a-2h Ascupart Street, SOUTHAMPTON
£535,000
Our Summary
- SUMMARYAUCTION SALE 21 May 2024 - > Substantial mixed residential/commercial investment > Shop unit, 1 x studio, 6 x 1 bedroom & 1 x 2 bedroom flats > Part let at £31,908 pa - some elements requiring modernisationDESCRIPTION*** TO BE SOLD BY PUBLIC AUCTION ON 21st MAY 2024 AT THE GRAND CONNAUGHT ROOMS, 61 - 65 GREAT QUEEN STREET, LONDON, WC2B 5DA (Online bidding available) ***TenureFreehold with Part Vacant PossessionLocationThe property can be found at the northly end of St Marys Street, with the front forming part of the main commercial parade and is ideally placed for local amenities and access to Southampton City Centre
- DescriptionThis pair of adjoining properties are being sold part let and offer the potential for rents increases and additional residential accommodation (STPP), together with the occupation of the vacant elements, some of which has fire damage and requires modernisation
Description
A substantial mixed residential and commercial investment is being sold at auction on May 21, 2024, located at the north end of St Mary's Street in Southampton. The property consists of a shop unit, 1 studio, 6 one-bedroom flats, and 1 two-bedroom flat, with some elements requiring modernization. The property is part let, generating a total rent of £31,908 per annum, and offers potential for rental increases and additional residential accommodation. The property has a freehold title with part vacant possession and is located in a prime location for local amenities and access to Southampton City Centre. The guide price is £750,000.