James Street, St. Mary’s, Southampton SO14, SO14 1PP

Welcome To James Street!

** For Sale by Online Auction **

** Pre-auction Offers Considered **

Guide Price £70,000 - £80,000

Auction Date Thursday 12th January 2023

Buyers fee applies & Auction pack available on request.

Marco Harris are pleased to offer this one-bedroom first floor flat situated in the hugely popular St. Mary's, SO14 location. The property is superbly placed for those working around the city centre. The area is rich in culture and diversity, supported by businesses catering to locals with groceries, cuisine and much more from around the world. Tenant demand is high in this area, so this flat would make an excellent property for landlord looking for an easy let.

Situated on the first floor of this purpose built block it benefits from a communal intercom system. As you enter the flat there is a small hallway area that branches off into each room. The main bedroom is located to the rear aspect and overlooks the car park. The living room offers a lovely space and is plenty big enough to incorporate a dining area. The galley kitchen is to the front featuring plenty of cupboard space along with space for the white goods. Completing the property is the bathroom. Its of a good size and features a bath with shower overhead. Residents' parking is permitted, being issued by the local council.

Useful Additional Information 

• Tenure: Leasehold
• Lease Length: 125 Years from 1988 (Approx. 91 years)
• Ground Rent: £10 PA
• Service Charge: Currently £1,157 PA inc. Maintenance, Buildings Insurance and Electric Heating
• Heating: Electric
• Local Council: Southampton
• Council Tax Band: A
• Vendor Position: NO FORWARD CHAIN

Disclaimer Property Details: Whilst believed to be accurate all details are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. We have not carried out a detailed survey nor tested the services, appliances, and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate. The lease details & charges have been provided by the owner and you should have these verified by a solicitor.

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.