miles
Lot 95

FREEHOLD COMMERCIAL INVESTMENT

11 High Street, Bishops Waltham, Southampton, Hampshire, SO32 1AB
11 High Street, Bishops Waltham, Southampton, Hampshire, SO32 1AB
Commercial Investment - Meon Valley AreaCommercial Investment - Meon Valley Area - Hampshire Area - Photo 1Commercial Investment - Meon Valley AreaCommercial Investment - Meon Valley Area - Hampshire Area - Photo 2
Sold £375,000

Bishops Waltham is an attractive and sought after market town with a good range of retailers based around the centre, including many niche traders.

This mid-terrace property comprises a ground floor, which is at present let under the terms of a 15 year commercial lease, while the first floor is let as offices under separate commercial lease arrangements. Should the first floor offices ever become vacant we would suggest that there is obvious scope and potential for conversion to form a two bedroom apartment, subject to all necessary consents being obtainable.

Ground Floor

Main sales/retail area, manager's office and staff cloakroom with W.C.

First Floor

Entrance lobby, kitchen, cloakroom with W.C., meeting room/reception, three separate offices and inner hallway.

Tenancy

Let on a five-year commercial lease from September 2016 at a current rental of £7,500 per annum.

Tenure

The ground floor is let under the terms of a 15 year commercial lease from April 2007 at a current rental of £10,800 per annum.

Auctioneer's Note

The first floor tenant has informed us verbally of a wish to stay on beyond the expiry of the existing lease, subject to an agreement on new terms. Prospective purchasers should rely on their own enquiries.

Local Planning Authority

Winchester City Council. Tel: 01962 840222. Website: winchester.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/