1 bed flat for sale in Lower Canal Walk, Southampton SO14, £120,000

120,000.00

Offer Nr.:
64656423
Type of ad:
for Sale
Property type:
1 bed flat
Bedrooms:
1
Bathrooms:
1
Reception rooms:
1
Contact name:
Chiswell & Co
Phone(s):
01202 035793

Chiswell & Co are delighted to offer for sale this one bedroom luxury
apartment available in the sought after development of Oceana Boulevard. The
property consists of one double bedroom, modern kitchen with built in
appliances and lounge. The property is close to Town centre shopping and main
bus routes.
Chiswell & Co are delighted to offer for sale this one bedroom luxury
apartment available in the sought after development of Oceana Boulevard. The
property consists of one double bedroom, modern kitchen with built in
appliances and lounge. The property is close to Town centre shopping and main
bus routes.
Bedroom
15' 5" x 8' 6" (4. 7m x 2. 6m)
Reception
17' 4" x 11' 1" (5. 3m x 3. 4m) Edit | Delete
Bathroom
6' 0" x 5' 7" (1. 83m x 1. 71m) Edit | Delete
Kitchen
8' 5" x 6' 5" (2. 59m x 1. 96m) Edit | Delete
There are also two ongoing potential issues around the purchase. The first is
a B2 rating on the EWS1 form. Barratt homes are currently inspecting the
building to work out what they need to do under the government policy to get
the building to the right level to achieve a good EWS1 rating and will be
performing the work but we don't currently have timescales on when this will
be complete by.
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. Before the EWS1 fire safety issues this matter
was identified as a problem and there is an on going battle to resolve this
which will likely cost the leaseholders to pay out to fund some of this work
and it's likely that the building owner will have to cover some as well.
The obligation for funds and impact on any buyer is currently an unknown in
terms of hard and fast number. For the above two matters there was a number
quoted to fix the building which was 5. 2 million pounds and this flats
obligation to pay that was £18, 000. However due to Barratt homes now being
forced by the government to step up and cover the issues per the new laws this
number is expected to be dramatically lower.

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