6 bed block of flats for sale

The Avenue, Southampton SO17

Summary
available at £500,000 - > Substantial semi detached property comprising of 3 flats > Comprising 1 x 2 bed flat, 1 x 3 bed HMO (flat) & 1 x studio flat > Let on AST agreements at £51,720 pa gross

description
*** to be sold by public auction on 15th April 2025 2025 at the grand connaught rooms, 61 - 65 great queen street, london, WC2B 5DA (Online bidding available) ***

Tenure
Freehold

Location
The property is well positioned on the corner of The Avenue and Middle Road which leads into the popular Inner Avenue area of Southampton. The area allows for easy access to excellent local amenities and Southampton City Centre, along with public transport connections and the Solent University.

Description
This substantial semi detached property has been consented and modernised to create an ideal investment, with a ground floor three-bedroom HMO and a first floor two bedroom flat, both of which offer good sized accommodation with double bedrooms and a level of en-suite facilities, together with a separate
studio flat. All of the flats are currently let on a room by room basis at a combined income of £51,720 pa (including bills).

Accommodation
Ground Floor (10 The Avenue – 3 bed HMO): Private Front Door into Entrance Hallway, Letting Room One, Letting Room Two with En Suite Shower Room & WC, Letting Room Three with En Suite Shower Room & WC, Kitchen, Communal Room, Shower Room, Cloakroom, Side Entrance Door.
First Floor (1A Middle Street – 2 bed): Accessed from Private Side Door on Ground Floor. Landing, Kitchen, Living Room, Letting Room One with with En Suite Shower Room & WC, Bathroom, Letting Room Two.
Studio: Accessed from rear garden. Bedroom, Kitchen, Shower Room.
Outside: Block paved driveway to front providing off road parking and enclosed courtyard to rear, together with side access.

Tenancy Details
The flats are currently let on AST agreements (with the rents including bills and broadband), at the following amounts: 10 The Avenue Room 1 - £725 pcm, 10 The Avenue Room 2 - £725 pcm, 10 The Avenue Room 3 - £600 pcm, 1a Middle Street Room 1 - £800 pcm, 1a Middle Street Room 2 - £710 pcm, Studio - £750 pcm. Buyers are advised to satisfy all enquiries regarding the status of the tenancies, prior to bidding.
EPC

10 The Avenue – D, 1A Middle Street – C, Studio – E.

Council Tax Band
10 The Avenue – C, 1A Middle Street – C.

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Fox & Sons/Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.

Whilst Fox & Sons make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers. Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.