Lot 87 - FREEHOLD FORMER WAREHOUSE ARRANGED AS THREE CRAFT WORKSHOPS/STUDIOS

Sold £249,000

Situated close to the junction of Waverley Road and Albert Road this former warehouse building has for some years been arranged as three self-contained workshops/craft studios with one on each floor and each with its own cloakroom facilities.

The first and second floor units are let under the terms of short term commercial licences while the ground floor unit is shortly to be vacated.

It is considered that the building is ideally suited to continued use in its current guise and for addition to an income producing commercial property portfolio. Alternatively, the building may have scope and potential for other uses including residential conversion, subject to all necessary consents being obtainable.

Ground Floor

Comprises a number of smaller store/workrooms and cloakroom with W.C.

Tenancy

Vacant Possession.

First Floor

Open plan workspaces with cloakroom with W.C.

Tenancy

Let under the terms of a short term commercial licence, a copy of which will be available in the legal pack.

Second Floor

Open plan workspaces with cloakroom with W.C.

Tenancy

Let under the terms of a short term commercial licence, a copy of which will be available in the legal pack.

Local Planning Authority

Portsmouth City Council. Tel: 023 9283 4334. Website: portsmouth.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/