Lot 33 - Freehold Block Of Two Shops And Two Flats For Investment
50 & 52 St. Thomas's Road, Hampshire, PO12 4JX
Guide Price: *
£240,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£262,000Bid history
18 bidsH
01/11/2023 09:45:06 - £262,000
TThis is an automatic bid as the bidder has set a maximum bid for this lot
01/11/2023 09:43:59 - £261,000
H
01/11/2023 09:43:59 - £260,000
See all 18 bids ▾
Currently let at £27,780 per annum
Situated in the Hardway area, a popular residential suburb of Gosport, this mixed use investment comprises two shop units and two flats, all of which are let and producing a healthy income. While the commercial units are let on an informal licence basis, both the tenants have been in place for some considerable time, with number 50 in situ before 2007 and number 52, since 2017. Should the commercial units become vacant it is considered that there may be scope in the longer term for conversion of the ground floor to form additional residential units, subject to all necessary consents being obtainable.
Commercial
Ground Floor - 50 St. Thomas’s Road
Tenancy
A lock-up shop let under the terms of an informal Licence Agreement to a hairdressers at a current rental of £7,440 per annum.
52 St. Thomas’s Rd
Tenancy
A lock-up shop let under the terms of an informal Licence Agreement to a beauty salon at a current rental of £6,000 per annum.
Residential
First Floor - Flat 50A
Living room, kitchen, bedroom and bathroom.
Tenancy
Let under the terms of an expired Assured Shorthold Tenancy at a current rent of £500 per calendar month.
Flat 52A
Living room, kitchen, bedroom and bathroom.
Tenancy
Let on an Assured Shorthold Tenancy from 1st October 2023 at a current rental of £695 per calendar month.
Local Planning Authority
Gosport Borough Council. Tel: 023 9258 4242. Website: gosport.gov.uk.
Council Tax Bands
Both flats - A.
Summary
- Lot number
- 33
- Auction end
- 1st Nov at 12:00
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 33
- Auction end
- 1st Nov at 12:00
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Hampshire, Dorset, Wiltshire & Isle of Wight
01489 564606
Unit 14, Fulcrum 2, Solent Way, Whiteley, Fareham, Hampshire, PO15 7FN
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
