Lot 119 Freehold Building Comprising Two Flats For Investment And A Commercial FreeholdAuction Date:
14th December 2022
38, 38A & 40A Littlepark Avenue, Bedhampton, Havant, Hampshire, PO9 3QY
Currently let at £9,600 per annum, plus vacant flat
This semi-detached freehold building is situated in a popular and mainly residential district, a short drive from the centre of Havant with all its shopping and other amenities.
The building is at present arranged as a pair of flats and a commercial office which has been sold under the terms of a long Lease. The first floor flat is self-contained which is let under the terms of an Assured Shorthold Tenancy Agreement, whilst the ground floor flat, which is also self-contained, is in need of reimbursement.
38 Littlepark Ave
Ground Floor - Commercial
Tenure
Sold under the terms of a 99-year lease from 12th September 1997 at a current ground rental of £50 per annum.
38A Littlepark Ave
Ground Floor - Flat
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Currently vacant - the flat requires a significant programme of upgrading and refurbishment.
40A Littlepark Ave
First Floor - Flat
Living room, kitchen, three bedrooms and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy from 1st September 2017 at a current rental of £750.
Outside
Gardens to the side and rear.
Both Flats Council Tax Band A
Freehold with Part Vacant Possession
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
