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123, St. Mary Street & 2 Ascupart Street SO14 1LU, SOUTHAMPTON, Hampshire, SO14 1PG

21st May 2024
starts 09:15 AM at Grand Connaught Rooms
sold for
£570,000

Tenure: Freehold

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This property is being dealt by Fox and Sons Auctions, for any enquiries please call 02380 338 066 or by email: auctions@fox-and-sons.co.uk
IMPORTANT ANNOUNCEMENT UPLOADED
THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT THIS HAS BEEN ADDED TO THE LEGAL PACK.
IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.
Announcement
Please see the “ANNOUNCEMENT” on the Legal Docs.
There are updated office copy entries ("OCE") uploaded to the auctioneers' website as of 16th May.
Also uploaded on 17th May were the "Special Conditions of Sale" and "Misc Part 4" documents upon the Legal Docs.

Substantial mixed residential/commercial investment
Shop unit, 1 x studio, 6 x 1 bedroom & 1 x 2 bedroom flats
Part let at £31,908 pa - some elements req. modernisation

3D Tour: Click Here

Tenure
Freehold with Part Vacant Possession

Location
The property can be found at the northly end of St Marys Street, with the front forming part of the main commercial parade and is ideally placed for local amenities and access to Southampton City Centre.

Description
This pair of adjoining properties are being sold part let and offer the potential for rents increases and additional residential accommodation (STPP), together with the occupation of the vacant elements, some of which has fire damage and requires modernisation.

Accommodation
123 St Mary Street - Ground Floor (Front):
Shop – Main Retail Area, Rear Retail Area, WC, Kitchen with access to Cellar.
Ground Floor (Side alley access):
Communal Entrance Door to Communal Entrance Hallway.
Flat 2E – Kitchen, Bedroom, Inner Hallway, Shower, Separate WC.
Flat 2A – Entrance Hallway with Stairs to First Floor Landing, Living Room, Kitchen, Bedroom, Shower Room/WC.
External stairs to First Floor:
Flat 2D – Entrance Hallway, Kitchen Space, Living Room, Bedroom, Shower Room/WC.
Flat 2B – Kitchen, Inner Hallway, Living Room, Bedroom, Shower Room/WC.
Ground Floor (rear): Store.
2 Ascupart Street - Ground Floor (Side alley access):
Flat 2G – Entrance Hallway, Living Room/Kitchen, Bedroom One, Bedroom Two, Bathroom/WC.
External Stairs to First Floor.
Flat 2C – Studio Room, Inner Hallway, Kitchen, Shower Room/WC.
Ground Floor (Side):
Flat 2F – Entrance Hallway with Stairs to First Floor, Living Room/Kitchen, Bedroom, Shower Room/WC.
Ground Floor (Rear):
Flat 2H – Kitchen Space, Living Room, Shower Room/WC, Bedroom.

Tenancy Details
The property is part let on AST agreements at the following rents:
Shop – Vacant,
Flat 2a - £480 pcm,
Flat 2b - £320 pcm,
Flat 2c - £480 pcm,
Flat 2d – Vacant,
Flat 2e - £69 per week,
Flat 2f - £520 pcm,
Flat 2g - £560 pcm,
Flat 2h – Vacant.
Buyers are advised to satisfy all enquiries regarding the status of the tenancies prior to bidding.

Agents Note
The properties are being sold with possessory title. Buyers are advised to satisfy all enquiries regarding this prior to bidding.

EPC
123 (Shop) – C.
Flats 2a, 2b, 2d, 2e – E.
Flats 2c, 2f, 2h – D.

Council Tax Band
All flats - A

Viewing Agent
Fox & Sons Auctioneers
32-34 London Road, Southampton, Hampshire, SO15 2AG
E auctions.southampton@fox-and-sons.co.uk
T 023 8033 8066



Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
Council Tax Band: A

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 28th May 2024 at 04:21 PM
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