2 bed Commercial Property

Located to the west of Southampton in the popular suburb of Totton, this exciting investment opportunity of mixed commerical/residential is for sale with no onward chain via a modern method of auction provided by iamsold ltd. On the ground floor is a commercial premises which is currently let to a recruitment company as an office and is generating an income of £650.00PCM. The first floor is a two bedroom spacious apartment on a separate tenancy to the ground floor producing a monthly income of £900.00PCM. Auctioneer 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"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.