Lot 54 City Centre Retail Unit For Investment Or OccupationAuction Date:
20th September 2023
8 Andover Road, Winchester, Hampshire, SO23 7BS
This vacant lock-up retail unit is situated a short walk from Winchester railway station, the large Worthy Lane car park and only slightly further afield from the City Centre. The unit is considered ideal for a number of future retail uses, subject to all necessary consents being obtainable.
Accommodation
Main shop/trading area, staff cloakroom with W.C.
Outside
Enclosed garden to the rear.
Tenure
Remainder of a 1000-year lease from 25th March 1866.
Tenancy
The first and second floors are sold under the terms of an 851 year lease from 1st January 2014 at a peppercorn ground rent.
Local Planning Authority
Winchester City Council. Tel: 01962 840222. Website: winchester.gov.uk.
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
