Lot 118 Half Acre Site Comprising Car Sales Lot Car Repair Garage And Over 40 Lock-Up StoresAuction Date:
2nd November 2022
174 Eastney Road, Southsea, Hampshire, PO4 8DY
Currently part let at £40,920 per annum
This landmark freehold city centre site measures 0.19 hectares (0.47 acres) and is situated close to the junction of Milton Road and Goldsmith Avenue, a short distance from the foot of Eastern Road, a major thoroughfare into the city. The site is occupied by a car sales lot, car repair garage and over forty lock-up garages/stores although many of these are in a poor state of repair.
The site has been let on an informal basis for many years with no formal letting or tenancy agreements in place. Prospective purchasers may wish to continue utilising the site as an income-producing investment, though perhaps on a more formal basis. Alternatively, it is considered that the site may have scope for re-development, subject to all necessary consents being obtainable.
Local Planning Authority
Portsmouth City Council. Tel: 023 9283 4334. Website: portsmouth.gov.uk.
Tenancies
The site has been let on an informal basis and further information will be available within the legal pack, available to download from the Clive Emson website.
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Chinneck Shaw
023 9282 6731
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 Buyers Fees
