The Property is in the Weston area of Southampton, which is a residential suburb approximately 4.8 km (3 miles) south-east of the city centre.
The nearest local shopping facilities are in Woolston, which is just over 1.6 km (1 mile) to the north-west, whilst a large Tesco Extra is located approximately 4.7 km (3 miles) to the north-east close to Junction 8 of the M27 Motorway.
Local bus services (No.11 to Southampton city centre) operate along Kingsclere Avenue and Sholing Railway Station, which is on the Southampton/Portsmouth mainline, is approximately 1.6 km (1 mile) to the north.
The Property is on a housing estate, much of which would appear to date from around the 1950's / 1960's and comprising former local authority housing stock.
The Property comprises a four-bedroom semi-detached house (No.203) and four self-contained flats (No.205).
The Property would appear to date from the 1950's, the construction of which comprises cavity walls, the outer skin formed with wire cut bricks under pitched concrete tile clad roofs. A small single storey projection around the front righthand corner of No.205 is under a mono-pitched mineral felt covered roof. Fenestration is formed of uPVC frames and double glazing.
Internal d�cor is mainly plastered and painted walls and ceilings. Floor coverings are a mixture of carpet, vinyl and ceramic tile.
No.205 has two off road parking spaces within its curtilage, whilst parking for No.203 is in a communal off-road car park.
Mains services of electricity, gas, water and drainage are connected. The house and the four flats are centrally heated through wet systems of radiators served by combination gas fired boilers.
203 Kingsclere Avenue Four bed semi-detached house -98.08 sq m (1,056 sqft)
205 Kingsclere Avenue Flat 1 One bedroom flat 28.73 sq m (309 sq ft)
Flat 2 One bedroom flat 31.01 sq m (334 sq ft)
Flat 3 Studio flat (Separate kitchen) 27.02 sq m (291 sq ft)
Flat 4 Two bedroom flat 36.41 sq m (392 sq ft)
The original planning consent for the Property would appear to date from March
1953 (Ref: 1014/GGGG/203).
Planning consent was granted in May 2012 for a change of use of Nos. 203 - 205
Kingsclere Avenue from Class C2 (Residential Institution) to a three-bedroom house
and three one bedroom and one studio flat, with associated cycle and bin store.
(App. No. 11/01744/FUL). The layout of the Property is different to the planning consent in that No.203 was to be a three-bedroom house and is a four-bedroom unit, and Flat 4 in No.205 was to be a one bedroom flat, whereas it provides two bedroom accommodation.
203 Kingsclere Avenue C74 Expiry date10/12/2022
Flat 1, 205 Kingsclere Avenue C74 06/11/2022
Flat 2, 205 Kingsclere Avenue C75 06/11/2022
Flat 3, 205 Kingsclere Avenue C70 06/11/2022
Flat 4, 205 Kingsclere Avenue C71 06/11/2022
Rateable Value - To be assessed
Source www.voa.org.uk The 2020/2021 standard multiplier is 0.499 (4.99p payable per £1). The 2020/2021 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Guide price of £610,000 for the freehold interest, subject to all existing tenancies and subject to contract. A purchase at this level will show a gross initial yield of 6.5%.
( Agency Pilot Software Ref: 7126 )