Southampton, SO19 9UE | Investment Property for Sale | VES-SO19-001

Opportunity to purchase an apartment in Southampton generating £14,700 rent pa & gross yield of 4.7%

£320,000

Apartment

VES-SO19-001

INITIAL INVESTMENT

£92,100

Based on

deposit: £80,000

stamp duty: £9,600

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£15,000

GROSS YIELD

4.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£325

SERVICE CHARGE

£2,000

3 bedrooms

2 bathrooms

1 reception room

1,018

Unfurnished

Leasehold information

  • Length of lease: 250 years
  • Year lease started: 2010

According to the landlord the service charge varies between £1,800 - £2,100 pa and includes the cost of the parking space.

Property information

  • Located on the 4th floor
  • Within the Centenary Quay complex
  • 3 double bedrooms
  • Master bedroom comes with en-suite
  • Large utility cupboard in the hallway
  • Open plan living/kitchen area
  • Comes with a spacious balcony and has water views across to Ocean Village
  • Allocated parking space in the undercroft
  • EPC rating B

Location information

The Centenary Quay is a redevelopment of the former Vosper Thorneycroft shipbuilders site in the suburb of Woolston. As part of the development there will be new offices, restaurants, a riverside walk, new landscaping and a Marine Employment Quarter. The riverside will also be regenerated with new courtyards, gardens and public squares.

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Tenancy

RENT

£15,000 p.a. / £1,250 pcm

TENANCY DEPOSIT

£1,250

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

16 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Southampton, Hampshire

Southampton is a city in Hampshire in the south-east of England. It lies around 70 miles south-west of London and 15 miles north-west of Portsmouth. The city is a major port and lies at the confluence of the River Test and Itchen as well as the northernmost point of Southampton Water.

The city has good transport links with the rest of the country via the road network. The M27 motorway links it to Cadnam and Portsmouth, the M3 links it to London and via the A34 with the Midlands and the North, whilst the M271 links it to the Western Docks and the city centre.

Southampton Central is the main station in the city and operates services to Portsmouth, Winchester, the Midlands and London, as well as Bournemouth, Poole, Dorchester, Weymouth, Salisbury, Bristol and Cardiff. The rail network is also used by freight services to and from the docks.

The local airport is in Eastleigh, just north of Southampton and operates regional flights as well as European flights. It can be accessed via rail by a frequent service to Southampton Airport Parkway railway station.

Southampton’s port is home to some of the largest cruise ships in the world and at certain times of the year the Queen Mary 2, Queen Elizabeth and Queen Victoria all visit Southampton at the same time. The city’s tradition of luxury cruising began in the 1840s when of the pioneers P&O advertised tours to Egypt. The city is also the terminus for three ferry services, a car ferry and a fast catamaran passenger ferry which provide links to East Cowes and Cowes on the Isle of Wight. Whilst the third ferry provides a passenger service to Hythe on the other side of Southampton Water.

From April to September each year the city celebrates its links with the sea, culminating with the Southampton Boat Show where over 600 exhibitors present for one week.

The Mayflower Theatre holds a variety of cultural events throughout the year and is the largest theatre in southern England outside of London, with 2,300 seat capacity. It has played host to several West End shows as well as the Welsh National Opera and the English Ballet.

Other places of interest include Tudor House Museum, Southampton Maritime Museum, the Medieval Merchant’s House, Solent Sky and the SeaCity Museum.

There are two universities in Southampton with a combined student population of around 40,000, the University of Southampton and Southampton Solent University. The University of Southampton has a global reputation for research into engineering sciences, oceanography, chemistry, cancer sciences, sound and vibration research, computer science and electronics and optoelectronics. It is also the home of the National Oceanographic Centre Southampton with a focus of Natural Environment Research Council-funded marine research.

Southampton Solent University teaches training, design, consultancy, research and other services undertaken for business and industry. It is also home to the Warsash Maritime Academy which provides training and certification for international shipping and offshore oil industries.

Some of Southampton’s largest employers are Southampton City Council, the University of Southampton, Solent University, Southampton Airport, Ordnance Survey, BBC South, the NHS, Associated British Ports and Carnival UK.

Austen Heights, Centenary Plaza,

Southampton,

Southampton,

England,

SO19 9UE

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