Lot 96

TOWN CENTRE COMMERCIAL INVESTMENT

15 Swiss House, 9-11 St Georges Walk, Waterlooville, Hampshire, PO7 7TU
15 Swiss House, 9-11 St Georges Walk, Waterlooville, Hampshire, PO7 7TU
Sold Prior

Currently let at £14,000 per annum

This purpose built town centre office is part of a building that comprises 14 residential apartments and the ground floor office. This extends to 97 sq.m. (1044 sq.ft.). The office is currently let to a care provider under the terms of a commercial lease. The office unit has the further major advantage of five car parking spaces, two of which are immediately behind the property and three further spaces behind a nearby building.

The property is considered ideal for addition to an income-producing commercial property portfolio. On the basis that commercial usage is in the future no longer desirable, it is considered that the property may have scope for residential conversion, subject to all necessary consents being obtainable.

Accommodation

Ground floor office suite with reception area and a range of meeting rooms/offices, cloakroom with W.C. and kitchen with side access to the rear car park.

Outside

Two car parking spaces immediately to the rear and three further spaces to the rear of 17-21 St Georges Walk.

Tenancy

Currently let under the terms of a commercial lease, for a term of five years from 31st August 2017, at current rental of £14,000 per annum.

Tenure

Held under the terms of a 125 year lease from 16 June 2017.

EPC Information

The property has EPC rating of: 60 (C)

Local Planning Authority

Havant Borough Council. Tel 023 9247 4174. Website: havant.gov.uk.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/