3 The Triangle, Cobden Avenue, SOUTHAMPTON, Hampshire, SO18 1FZ

Description

Freehold interest to include two storey commercial unit Commercial unit let – rent reserved £14,300 PA Residential above sold off with ground rent of £120 PA Tenure Freehold Lease Details The 2 flats above have been sold off on the following leases: 3c The Triangle – Lease dated 29th September 1989 for 99 years from 24th June 1989 with a current ground rent of £120 pa (rising to £250 pa throughout the term of the lease). 3b The Triangle – Lease dated 26th January 2018 for 189 years from 24th June 1989 with a peppercorn ground rent. Location The property forms part of Bitterne Triangle, which is the hub of the Bitterne Park community, offering a number of independent and national retailers. This well-established commercial parade is ideally placed for trade and close to local amenities, with the nearby River Itchen and travel network routes to the city centre and surrounding areas. Description This freehold interest includes a two storey commercial property offering a comprehensive leve

Location

Property located at 3 The Triangle, Cobden Avenue, SOUTHAMPTON, Hampshire, SO18 1FZ.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £14,300 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Verify tenancy documents, rent history and deposit compliance

Recommendation

Preferred strategy: Long-Term Buy-to-Let. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆