2 bed Flat For Sale £230,000
**please read notes buy the seller below
before booking A viewing**
The property will be sold with a tenant in place who is currently renting and wishes to stay long term. The property has always been let within 7 days of going on to Rightmove. It achieves rent income of between £1200/£1250 a month.
There are also two ongoing potential issues around the purchase. The first is a B2 rating on the EWS1 form. The building has been granted access to the government building safety fund to cover the work that is required to achieve a better rating and this work is due to commence during 2021. In the meantime, some lenders may be fussier than others due to this It would be worth checking with your lender on this matter prior to moving forward.
The second issue is there is an ongoing section 20 on the building for long-standing issues with water ingress to small sections of the roof for the whole building as well as issues around smoke extraction in the car park levels. This flat has never had any water ingress issues nor has any part of the gate it’s in. However, the other side of the building has had issues that therefore means work will be undertaken to replace the whole roof to put right the ongoing issues for some owners. We have a total cost of the works being completed and there is an ongoing battle between leaseholders, the developer and the owners on the building as to who will pay.
The worst-case scenario is the Leaseholders could be required to pay. If so this flats proportion of the costs are £18,500. Should a buyer wish to secure the property a sum of £20,000 would be put into a retainer for a period of 10 years to ensure that should the leaseholders lose the fight with the developers and owners and be required to pay the new owner of this flat will be fully covered. However, should the case be won the retainer or part of the retainer would come back to the seller in due course once the matter is resolved.
The Apartment
Purple Bricks Southampton are proud to present to the market this top floor penthouse apartment with two parking spaces, situated in the always popular Oceana Boulevard development. This beautifully appointed property boasts in our opinion a high-level finish throughout with a contemporary fitted en-suite to the master and family bathroom, modern kitchen and open plan living space with access to the wrap-around balcony. We believe this stunning property would be an ideal choice for anyone looking within the city centre with great access to all the local amenities and transport links.
Communal Entrance
Security entry system, lift and stairs to all floors.
Entrance Hall
Wall-mounted electric heater, built in storage cupboard, doors to all rooms, porcelain tiled flooring.
Living Room
14'4" x 13' not inc recess
Double glazed French doors to side and rear aspect leading onto the wrap-around balcony, wall-mounted electric heater, porcelain tiled flooring, open arch to the kitchen.
Kitchen
10'5" x 5'9"
Double glazed window to the side aspect, modern fitted range of eye level and base fitted units with inset sink and drainer, integral oven with hob and cooker hood above, integrated slim-line dishwasher, washing machine and microwave with space for up-right fridge freezer.
Bedroom One
14'4" x 12' max
Double glazed French doors to the rear aspect, wall-mounted electric heater, door to the en-suite.
En-Suite
Contemporary fitted three piece suite comprising low level WC, wash hand basin and double shower cubicle, heated towel rail, fully tiled with Porcelain tiles including flooring.
Bedroom Two
10'9" x 9'
Double glazed French doors to the rear aspect leading to the balcony, wall-mounted electric heater.
Bathroom
Opaque double glazed window to the rear aspect, modern fitted three piece suite comprising low level WC, wash hand basin and panel enclosed bath with mixer taps and shower attachment, heated towel rail, fully tiled including porcelain tiled flooring.
Outside
There are communal gardens that are predominantly laid to lawn with seating areas. There is also a residents gym with various weight and exercise machines which is for the exclusive use of the Oceana Boulevard residents.
Underground Parking
Two allocated under croft parking spaces which is accessed via remote control gate.
Location
Occupying a highly desirable city centre location overlooking Queen's Park, this well-presented 2nd floor apartment, is moments away from Ocean Village, Oxford Street and a wide array of independent restaurants, bars, shops and amenities.
Lease Information
Ground Rent is £255 P.A.
Service Charge £128 pcm.
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
before booking A viewing**
The property will be sold with a tenant in place who is currently renting and wishes to stay long term. The property has always been let within 7 days of going on to Rightmove. It achieves rent income of between £1200/£1250 a month.
There are also two ongoing potential issues around the purchase. The first is a B2 rating on the EWS1 form. The building has been granted access to the government building safety fund to cover the work that is required to achieve a better rating and this work is due to commence during 2021. In the meantime, some lenders may be fussier than others due to this It would be worth checking with your lender on this matter prior to moving forward.
The second issue is there is an ongoing section 20 on the building for long-standing issues with water ingress to small sections of the roof for the whole building as well as issues around smoke extraction in the car park levels. This flat has never had any water ingress issues nor has any part of the gate it’s in. However, the other side of the building has had issues that therefore means work will be undertaken to replace the whole roof to put right the ongoing issues for some owners. We have a total cost of the works being completed and there is an ongoing battle between leaseholders, the developer and the owners on the building as to who will pay.
The worst-case scenario is the Leaseholders could be required to pay. If so this flats proportion of the costs are £18,500. Should a buyer wish to secure the property a sum of £20,000 would be put into a retainer for a period of 10 years to ensure that should the leaseholders lose the fight with the developers and owners and be required to pay the new owner of this flat will be fully covered. However, should the case be won the retainer or part of the retainer would come back to the seller in due course once the matter is resolved.
The Apartment
Purple Bricks Southampton are proud to present to the market this top floor penthouse apartment with two parking spaces, situated in the always popular Oceana Boulevard development. This beautifully appointed property boasts in our opinion a high-level finish throughout with a contemporary fitted en-suite to the master and family bathroom, modern kitchen and open plan living space with access to the wrap-around balcony. We believe this stunning property would be an ideal choice for anyone looking within the city centre with great access to all the local amenities and transport links.
Communal Entrance
Security entry system, lift and stairs to all floors.
Entrance Hall
Wall-mounted electric heater, built in storage cupboard, doors to all rooms, porcelain tiled flooring.
Living Room
14'4" x 13' not inc recess
Double glazed French doors to side and rear aspect leading onto the wrap-around balcony, wall-mounted electric heater, porcelain tiled flooring, open arch to the kitchen.
Kitchen
10'5" x 5'9"
Double glazed window to the side aspect, modern fitted range of eye level and base fitted units with inset sink and drainer, integral oven with hob and cooker hood above, integrated slim-line dishwasher, washing machine and microwave with space for up-right fridge freezer.
Bedroom One
14'4" x 12' max
Double glazed French doors to the rear aspect, wall-mounted electric heater, door to the en-suite.
En-Suite
Contemporary fitted three piece suite comprising low level WC, wash hand basin and double shower cubicle, heated towel rail, fully tiled with Porcelain tiles including flooring.
Bedroom Two
10'9" x 9'
Double glazed French doors to the rear aspect leading to the balcony, wall-mounted electric heater.
Bathroom
Opaque double glazed window to the rear aspect, modern fitted three piece suite comprising low level WC, wash hand basin and panel enclosed bath with mixer taps and shower attachment, heated towel rail, fully tiled including porcelain tiled flooring.
Outside
There are communal gardens that are predominantly laid to lawn with seating areas. There is also a residents gym with various weight and exercise machines which is for the exclusive use of the Oceana Boulevard residents.
Underground Parking
Two allocated under croft parking spaces which is accessed via remote control gate.
Location
Occupying a highly desirable city centre location overlooking Queen's Park, this well-presented 2nd floor apartment, is moments away from Ocean Village, Oxford Street and a wide array of independent restaurants, bars, shops and amenities.
Lease Information
Ground Rent is £255 P.A.
Service Charge £128 pcm.
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
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