Vacant Leasehold Fifth Floor 2 Bedroom Flat With Allocated Parking Space
Description
Leasehold fifth floor flat within a purpose built block of apartments, comprising of an open plan living room/kitchen, bathroom, 2 double bedrooms and a en-suite bathroom. The property benefits from a private balcony and an allocated parking space, number 2.
*We have been made aware the property has no ESW1 certificate, which means further works are required to the building.
A Section 20 Notice, has been served with no confirmed costs, It's believed there are insufficient monies in the sinking fund, for the redecoration/refurbishment works scheduled to commence in circa 1 year, please refer to the legal pack for further information*
Situation
The property is located at Park Walk, within walking distance of Southampton town centre with its array of shops, restaurants and University. Southampton mainline railway station is less than half a mile away.
Accommodation
Living Room - 5.11 x 4.41
through to open plan kitchen - 3.34 x 2.44
Bedroom 1 - 4.71 x 2.42
En suite Bathroom - 2.28 x 1.19
Bedroom 2 - 4.05 x 3.07
Bathroom - 2.26 x 1.68
Total Floor Area - 75 sq.m.
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO BUYERS PREMIUM OF £900 (INC VAT) AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY
Tenure
Leasehold - 125 year lease from 1st January 2016, (approximately 116 years remaining)
Ground rent - £350 pa, then reviews to RPI on the 15th anniversary of the lease.
First review 2031.
Council Tax - Band D
EPC Rating – B
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, Subject to a minimum of £1,500 (£1,250 plus VAT).
Disbursements
Please see the legal pack for any disbursments that may become payable by the purchaser on completion.
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- Unconditional (Immediate Exchange)
Call the team on 01273 201989 for more information
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