2 bedroom apartment for sale

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2 bedroom apartment for sale

Orchard Place, Southampton, SO14
£115,000

Our Summary

  • **Attention Investors** For sale by Modern Method of Auction
  • Modern Method Of Auction - Auctioneers Comments:This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
  • For Sale by Modern Auction – T & C’s apply
  • Investment Opportunity
  • The Modern Method of Auction

Description

This is a modern two-bedroom apartment located on the first floor of Orchard Place, a building constructed in 2005. The property features a west-facing balcony, modern bathroom and kitchen with integrated appliances, and access to a communal roof terrace with city views. The apartment is situated 0.3 miles from Southampton city centre, which offers a range of amenities, including restaurants, bars, and shops. The property is currently tenanted until August 2025, paying £1,200 per month, and has a service charge of £2,076 per annum. The lease has 104 years remaining, and the council tax band is C. The ground rent is £225 per annum for the first 25 years, increasing to £450, £900, £1,800, and £3,600 per annum for the remainder of the term.