Lot 155 A Pair Of Two-Bedroom Flats For InvestmentAuction Date:
6th February 2025
34 Rampart Road, Bitterne, Southampton, Hampshire, SO18 1AS
Currently let at £18,000 per annum
This attractive semi-detached building is situated in a popular residential district in Bitterne, a short drive from Southampton city centre. The building is arranged as two self-contained two-bedroom flats, both of which are let under the terms of Assured Shorthold Tenancy Agreements.
It is considered the building is ideally suited for continued use as an income-producing letting investment.
Ground Floor Flat
Entrance hall, living room, kitchen, two-bedrooms and shower room with W.C.
Tenancy
Let on an initial six-month Assured Shorthold Tenancy Agreement from 5th September 2020 at an initial rental of £695 per calendar month, now increased to £750 per calendar month.
First Floor Flat
Entrance hall, living room, kitchen, two-bedrooms and shower room with W.C.
Tenancy
Let on an initial 12-month Assured Shorthold Tenancy Agreement from 10th August 2022 at an initial rental of £725 per calendar month, now increased to £750 per calendar month.
Outside
Gardens to front and rear.
Tenure
Remainder of a 125-year lease from 24th November 2006.
Council Tax Band A for both Flats
EPC Rating E for both Flats
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
