Property Details

1 bedroom apartment for sale For Sale

Millbrook Road East, Shirley, Southampton, Hampshire, SO15

£125,000

ROI = 10% BMV = 8.23%

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Description

This one bedroom first floor apartment is conveniently located within walking distance of Shirley high street, the city centre, the central railway station with excellent transport links across Southampton, and West Quay's retail park and shopping centre. Currently let out at a figure of £900 PCM including the water bill this respresents an excellent yield of over 8% making it an attractive investment opportunity for landlords looking to add to their portfolio. The apartment benefits from secure telephone entry system and once inside the property, the accomodation all accessed from the entrance hallway, comprises a light and bright double bedroom, a contemporary three piece bathroom suite with shower over the bath, and the open plan lounge dining and kitchen area. The property also benefits from one allocated parking space Leasehold Unexpired Years: 115 Annual Ground Rent: £200 Ground Rent Increase: Doubles to £400 in 14 years(25th) year Ground Rent Review Period: TBC Annual Service: £ 1650 These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor. Shirley has proved to be a popular residential area with extensive shopping facilities found nearby in Shirley High Street. The central railway station is found adjacent to Commercial Road and the city centre is a short distance away boasting numerous pleasant parks, the West Quay shopping mall, numerous bars, restaurants and cinemas. Freemantle Lake Park and St James Park offer outdoor recreational space and the indoor swimming pool in English Road is a popular neighbourhood facility. Schooling for all ages is found close by. ADDITIONAL INFORMATION Services: Water: Mains Gas:No Mains Electric: Mains Sewage: Mains Heating: Electric Radiators Convenants/restrictions affecting the property: The porperty is a leasehold flat, and standard leaseholder convenants aee conained in the lease. Materials used in construction: Ask Agent How does broadband enter the property: Ask Agent For further information on broadband and mobile coverage, please refer to the Ofcom Checker online

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