Lot 141

FREEHOLD INVESTMENT OPPORTUNITY

14 Elm Grove, Hayling Island, Hampshire, PO11 9EF
14 Elm Grove, Hayling Island, Hampshire, PO11 9EF
Sold £105,000

This freehold end-terrace building is situated close to the commercial centre of Hayling Island and was last occupied by Co-operative Funeral Services.

The internal configuration would, perhaps, suit continued use by an occupier requiring meeting/treatment rooms, although there is obvious scope for the ground floor to revert to true retail use if required, subject to all necessary consents being obtainable. To the rear there is a useful lock-up garage.

The flat on the first floor has been sold under the terms of a long lease.

Ground Floor

Reception area and a series of smaller office/meeting rooms situated off, cloakroom with W.C. and (small) staff kitchen, rear pedestrian access.

First Floor Flat - 14A Elm Grove

Sold on a 125-year lease from 25th December 1986.

Auctioneer's Note

We are advised that the first floor flat is available for sale by private treaty via local estate agents, and this may be of interest to any prospective purchaser who may wish to acquire the freehold interest in the whole building.

Local Planning Authority

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

Freehold with Part Vacant Possession

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/