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Lot: 21 - FLAT WITH SEA VIEWS - Outside elevation of buildingLot: 21 - FLAT WITH SEA VIEWS - Sea View from outside the buildingLot: 21 - FLAT WITH SEA VIEWS - Living room with fire placeLot: 21 - FLAT WITH SEA VIEWS - Double bedroom with original fire placeLot: 21 - FLAT WITH SEA VIEWS - Living room with bay window
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Lot 21 Flat With Sea ViewsAuction Date:
12th June 2024

Flat 1, Dolphin House, 12 Milvil Road, Lee-on-the-Solent, Hampshire, PO13 9LX

£140,000*+ FEES

Currently let at £9,600 per annum

Category Residential Investment
Tenure Leasehold
Bedrooms x 1
Bathrooms x 1

Located on the corner of Milvil Road and Grove Road, this first floor flat occupies the southwest corner of the building with the living room benefitting from a pleasant view down Milvil Road and out across the Solent. The flat has been well maintained by the existing tenant and is let under the terms of an Assured Shorthold tenancy. The flat is considered ideal for continued use as an income producing investment.

The leaseholders have recently undertaken the right to manage the building and this will come into effect in September 2024.

Ground Floor

Communal entrance.

First Floor

Living room, kitchen, bedroom and shower room with W.C.

Outside

Allocated parking space

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £800 per calendar month.

Tenure

Remainder of a 99-year lease, from 24th June 1980, at a current ground rent of £30 per annum.

Auctioneer’s Note

The tenant has given notice of his intention to vacate the property. If he vacates as planned, the property will be vacant prior to the auction.



Flat 1, Dolphin House, 12 Milvil Road, Lee-on-the-Solent, Hampshire


There is an addendum available to be read
in conjunction with the legal documentation.

Further Information

Mike Marchant/Joe Rocks
on 01489 564606

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