Property Information
Address:
45 Westwood Road, Southampton, Hampshire
, SO17 1DH
, Hampshire
, United Kingdom
Price: Property no longer available.
Size: 2245 sq ft209 sqm
Primary Category: Office
All Categories:
Office,
Property Ref/Movehut: MH677747
Property Ref/Agent: 5979
*Please use the agent ref when calling the agent directly.
Property description
Description
Fantastic opportunity to acquire a residential conversion opportunity currently with three flats, two of which have just been refurbished. There is planning in place for a further 8 flats, taking the total number of flats in the building to 11.
45 Westwood Road is nestled in the centre of a popular residential district and is in easy reach of Southampton's beautiful Common, a huge open space, popular for exercise and relaxation. Close to Waitrose in Portswood and the historical location of Highfield with its Herbert Collins' architecture, we believe 45 Westwood Road is the most perfect location for capturing high quality tenants. The two flats, which have already been renovated with a stylish and modern interior can be easily replicated throughout the building. Which will be a huge hit in this popular road for rentals, achieving maximum rents and a fantastic return for any investor.
A full financial breakdown is available, please contact Oliver Noble for more information.
Agents Comments: "This is an excellent opportunity to acquire
a substantial building in one of Southampton's most sought after roads."
Accommodation
Total - 208.52 sqm (2,245 sq ft).
Rating
Rateable Value
Ground Floor £13,500
First Floor £13,250
Second Floor £4,650
Source The 2021/2022 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.
Terms
Offers invited in the region of £1,150,000 subject to contract for the freehold interest.
Please note that Flat 1 is subject to an existing tenancy, currently on a periodic tenancy and is to be sold in situ
Planning
Prior approval planning reference 22/00659/PA56 relating to first and second floor conversion.
Planning reference 23/00247/FUL is relevant to the conversion of the ground floor to three flats.
Interest parties are advised to make their own enquiries of the local authority for confirmation.
EPC Text
Asset Rating
- Commercial D(90)
Flat 1 - D
Flat 2 - D
Flat 3 - E
Guide price £1,200,000
Planning granted for an additional eight flats
Three existing flats, two of which have been refurbished
Off street parking for all flats
Rare opportunity
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