Lot 109 Freehold Business CentreAuction Date:
22nd March 2023
Unit 39, Mitchell Point, Ensign Way, Hamble, Southampton, SO31 4RF
Previously fully let at £44,645 per annum
Situated in the popular Mitchell Point Estate, this freehold end-terrace building is arranged as a small business centre with flexible accommodation, which is split and let to a number of local businesses dependant on their space requirements.
Each tenant is in occupation under the terms of a Licence Agreement providing easy â€in- and-out’ terms for both the tenants and freeholder.
The property is considered ideal for addition to a commercial investment portfolio for ongoing income -producing potential. In addition to the letting offices, there are shared common rooms and cloak room facilities on each of the two floors.
Outside
This established business unit benefits with ten parking spaces. Three spaces at the front, two at the rear and five at the side.
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
