Lot 125 Freehold Investment Including Restaurant With Living Accommodation OverAuction Date:
2nd November 2022
Waltham Tandoori, Bank Street, Bishops Waltham, Southampton, SO32 1AN
Currently let at £34,670 per annum
Formerly a public house, the Waltham Tandoori is situated in the popular village of Bishop’s Waltham, a short drive from the larger centres of Fareham, Winchester and Southampton.
The building at present comprises a restaurant on the ground floor with substantial living accommodation over, all of which are let under the terms of a commercial lease. The property is therefore considered ideal for addition to an income-producing letting portfolio.
Ground Floor
Main restaurant area, bar and lounge/takeaway collection area, customer W.C.s, freezer storage room, commercial kitchen and cellar.
First Floor
Four bedrooms, bathroom with W.C. and former kitchen now in use as a store.
Tenancy
Let on a commercial lease for a period of five years from 1st June 2019 at a current rental of £34,670 per annum, plus VAT.
Council Tax Band
The Council Tax Band for the Flat is B.
There is an addendum available to be read
in conjunction with the legal documentation.
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
