Call 0800 038 5996

Guide Price: £250,000.00

Modern Method of Auction

17 High Street , , Gosport , PO12 1BX

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CURRENT BID*

£240,000.00

(Place a bid)

STARTING TIME

16/01/2024 13:00:00

Lot Number: 39938903

Property ID: 10286795

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

The minimum current bid is £240,500.00

Fees Apply

Automatic maximum bid £ (only bid in increments of £500)

£

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Guide Price

£250,000.00

Method of Auction

Modern

Property Type

Commercial

Number Of Beds

1

Tenure

Leasehold Property

Address

17 High Street

Key Features

• Investment Opportunity
• Long Leasehold 999 Years
• Let To Savers At £25,000pa
• Circa 3200sqft (taken from EPC)
• Option To Purchase Freehold Interest (Call for further info)
• Buyers Fee Applies
• Pre Auction Offers Considered
• Auction Pack Available On Request

Description

**For Sale By Auction** Pre Auction Offers Considered**

Investment opportunity - Long Leasehold interest of commercial unit occupied by Savers circa 3200sqft.

This property presents the ideal investment opportunity, whether adding to an existing portfolio, or venturing into investment initially. The seller has indicated they may sell the freehold interest of the block subject to further negotiation.

The building is currently undergoing further construction of flats above by the current owner and the commercial unit is to be granted a long 999 year lease on completion.

Currently let to Savers at £25,000pa on 5 year lease from 13th May 2021.

Gross yield at guide price 10%.

Modern Terms & Conditions-

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE.
Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Property Brochure

Download Link:  Must be logged in!

Property Auction Pack

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EPC

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Floor Plan

Download Link:  Must be logged in!

**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: PO12 1BX

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

AVAILABLE PROPERTIES


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16/01/2024 13:00:00

ONLINE AUCTION

GUIDE PRICE*
£250,000.00

Reservation Fee Applies

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Reservation Fee Applies

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