AUCTION SALE! TENANT IN SITU! GREAT... Studio for sale

>

AUCTION SALE! TENANT IN SITU! GREAT... Studio for sale

AUCTION SALE! TENANT IN SITU! GREAT INVESTMENT OPPORTUNITY!
£50,000

Our Summary

  • For sale by public auction on 10th December 2025 at 11am at The Brooks Suite, Silverlake Stadium, Stoneham Lane, Eastleigh, Southampton, Hants, SO50 9HT
  • Auction Sale

Description

This studio flat, Rodney Court, is up for public auction on December 10th, 2025, and offers a potential yield of approximately 12%. The property features a kitchen-living area with a large window, a bedroom area with space for a double bed, and a bathroom with a three-piece suite. The flat also comes with allocated parking. The lease details are 999 years from 1976, with a ground rent and maintenance/service charge of £385 every six months, with a 50% discount if paid within 40 days. The property has mains water, electricity, and drainage connections, but none of the services or appliances have been tested. The council tax band is A, and there is no chain. The seller requires confirmation of the buyer's mortgage status and has adopted an Offer Check Procedure. Additional fees include a buyer's admin fee of £600 inc VAT and any disbursements listed in the legal pack.