Lot 104 Freehold HMO On A Plot Of 0.12 AcresAuction Date:
20th September 2023
12 Selsmore Road, Hayling Island, Hampshire, PO11 9LB
Currently let at £40,200 per annum
This imposing freehold property sits within a plot which extends to 0.05 hectares (0.12 acres). Although the accommodation is arranged as four flats, the property is currently operating as a licensed HMO. Whilst all of the flats are fully let and producing a healthy income, the rents have not been increased for some time and it is considered there is scope for a new owner to potentially increase the income still further. There is also a six-berth caravan on site, giving further scope to increase the income.
Garden Flat
Living room, kitchen, two bedrooms both with en-suite shower rooms/W.C.s.
Outside
Garden
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £1,100 per calendar month.
Flat 2
Living room, kitchen, bedroom and bathroom.
Outside
Laundry room and courtyard garden.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.
Flat 3
Kitchen, bedroom, shower room and living room.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.
Flat 4
Living room, kitchen/dining room and bedroom with en-suite shower room.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £850 per calendar month.
Outside
Fenced area with six-berth caravan and driveway with parking to the front.
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
