Lot 21 Flat With Sea ViewsAuction Date:
12th June 2024
Flat 1, Dolphin House, 12 Milvil Road, Lee-on-the-Solent, Hampshire, PO13 9LX
Currently let at £9,600 per annum
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.
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
