Lot 54 Freehold InvestmentAuction Date:
14th December 2022
349 Milton Road, Cowplain, Waterlooville, Hampshire, PO8 8LH
Currently let at £9,600 per annum
This end-terrace building is situated at the end of a local shopping parade at Cowplain, a short distance from the larger centre of Waterlooville. The first floor flat has been sold under the terms of a long lease and pays a contribution towards insurance and other costs.
The ground floor is let to a ladies and gents hairdressing salon under the terms of a 10-year commercial lease expiring in 2027.
Ground Floor
Ladies and Gents Hair Salon
Main trading/retail area, amenities area and staff cloakroom with W.C.
Tenancy
Let under the terms of a commercial lease for a term of 10- years, from and including 16th November 2017, at current rental of £9,600 per annum.
First Floor Flat
Remainder of 125-year lease, from 1st January 2016, further information will be available for download from the Clive Emson website.
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
