Lot 9 - Freehold Town Centre Commercial Investment
282 West Street, Hampshire, PO16 0HT
Guide Price: *
£430,000
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:
£544,000Bid history
67 bidsRThis is an automatic bid as the bidder has set a maximum bid for this lot
26/07/2023 10:30:36 - £544,000
G
26/07/2023 10:30:36 - £542,000
RThis is an automatic bid as the bidder has set a maximum bid for this lot
26/07/2023 10:28:26 - £540,000
See all 67 bids ▾
Currently let at £34,000 per annum
Situated between the railway line and A27, this landmark commercial building is a short walk from Fareham railway station and from the Town Centre with all its shopping and other amenities.
The property is let under the terms of a commercial lease to a well-known local campervan dealership and the property is considered ideal for addition to an investment portfolio.
Ground Floor
The building has been configured to suit the current occupants with a range of workshop, retail and showroom space with cloakrooms with W.C.
First Floor
Two offices.
Outside
Open plan parking/display area to the front, secure yard to the side and to the rear.
Tenancy
Occupied under the terms of a five-year commercial lease ending on 10th March 2026 at a current rental of £34,000 per annum.
Summary
- Lot number
- 9
- Auction end
- 26th Jul at 10:35
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 9
- Auction end
- 26th Jul at 10:35
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- 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.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
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.
