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Monday 6 October 2014

Southampton's Ocean Village 2 bed for acution yielding 7.8% - tempting!!

For auction at the end of the month is a nice 2 bed with balcony, en suite and parking in the Mistral block in Ocean Village. It is a good size at approx 900sq ft and is currently let at £1,100pcm until June 2015 with a guide price of £170k. There is 113 years left on the lease with a ground rent of £250 p.a. It was last sold in Sept 2007 at £185k. Would be a good first time buy or a nice one to add to your portfolio.

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