Lot 33 Freehold Block Of Two Shops And Two Flats For InvestmentAuction Date:
1st November 2023
50 & 52 St. Thomas's Road, Gosport, Hampshire, PO12 4JX
Currently let at £27,780 per annum
Situated in the Hardway area, a popular residential suburb of Gosport, this mixed use investment comprises two shop units and two flats, all of which are let and producing a healthy income. While the commercial units are let on an informal licence basis, both the tenants have been in place for some considerable time, with number 50 in situ before 2007 and number 52, since 2017. Should the commercial units become vacant it is considered that there may be scope in the longer term for conversion of the ground floor to form additional residential units, subject to all necessary consents being obtainable.
Commercial
Ground Floor - 50 St. Thomas’s Road
Tenancy
A lock-up shop let under the terms of an informal Licence Agreement to a hairdressers at a current rental of £7,440 per annum.
52 St. Thomas’s Rd
Tenancy
A lock-up shop let under the terms of an informal Licence Agreement to a beauty salon at a current rental of £6,000 per annum.
Residential
First Floor - Flat 50A
Living room, kitchen, bedroom and bathroom.
Tenancy
Let under the terms of an expired Assured Shorthold Tenancy at a current rent of £500 per calendar month.
Flat 52A
Living room, kitchen, bedroom and bathroom.
Tenancy
Let on an Assured Shorthold Tenancy from 1st October 2023 at a current rental of £695 per calendar month.
Local Planning Authority
Gosport Borough Council. Tel: 023 9258 4242. Website: gosport.gov.uk.
Council Tax Bands
Both flats - A.
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
