Lot 43

TOWN CENTRE UPPER PARTS WITH CONSENT AND COMMENCED WORKS FOR TWO FLATS

Upper Floors, 3 Lavant Street, Petersfield, Hampshire, GU32 3EL
Available At £250,000 + Fees

Viewing by arrangement with Clive Emson Auctioneers

Lavant Street is situated in the heart of Petersfield town centre and a short walk from the railway station with its mainline connections to London (Waterloo) and Portsmouth.

Planning Consent has been obtained and indeed the works significantly commenced for the conversion of a former photographic studio and offices on the first and second floor into a pair of residential flats with a one bedroom unit on the first floor and a two bedroom flat on the second floor which will also incorporate opening out the existing loft space and putting this into practical use.

A meaningful start on the re-development has been commenced and the sale/purchase will include the likes of bespoke double glazed units which are made but yet to be fitted.

Once the works are completed the flats are considered ideal for addition to an income producing portfolio.

Proposed Accommodation

First Floor Flat

Entrance hall, living room/kitchen, shower room with W.C., bedroom.

Second & Third Floor Flat

Second Floor

Entrance hall, living room/kitchen, shower room with W.C., bedroom.

Third Floor

Bedroom with en-suite shower room.

Planning

Planning Permission has been granted by East Hampshire District Council under reference: SDNP/17/04034/FUL dated 16th October 2017 for conversion of first and second floor accommodation and attic space above the shop unit to two flats with provision of two roof lights, subject to conditions (revised scheme to Planning Permission SDNP/16/04005/FUL).

A copy of the Planning Consent and proposed plans will be available to download from the Clive Emson website or the Local Planning Authority website.

Local Planning Authority

East Hampshire District Council. Tel: 01730 266551. Website: easthants.gov.uk.

Auctioneer's Note

East Hampshire District Council operates a residents permit scheme on selected streets within the town centre, subject to proof of residency and legal ownership at a cost of £50 per annum for the first permit. Further details from www.easthants.gov.uk/parking-permits.

Tenure

Remainder of a 125 year lease from 11th December 2019.

Leasehold with Vacant Possession

Upper Floors, 3 Lavant Street, Petersfield, Hampshire
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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/