Call 0800 038 5996

Guide Price: £110,000.00

Modern Method of Auction

8 Earley Court , High Street , Lymington , SO41 9EP

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AUCTION SOLD

Lot Number: 63301224

Property ID: 49491567

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

Guide Price

£110,000.00

Method of Auction

Modern

Property Type

Commercial

Number Of Beds

1

Tenure

Leasehold Property

Address

8 Earley Court

Key Features

• Investment Opportunity
• 10% Approximate Return
• Retail Lock Up Shop
• Two Allocated Car Parking Spaces
• Lease Term 121 Years
• Share Of Freehold
• Buyers Fees Apply
• Pre Auction Offers May Be Considered
• Auction Pack Available On Request

Description

An opportunity to acquire the long term leasehold interest in this retail Lock up Shop premises in this busy New Forest coastal town where many multiples are represented including Tesco Metro, W H Smith, Superdrug, Fat Face, Joules, Boots, Waterstones, Henry Lloyd, Cuba Sails, M &S (Simply food) and Waitrose.

The premises provide: Main shop 14' 9 x 27' 7 depth, (4.4mt x 8.4 mt) good front display window and side window. Door at the rear of the shop to Earley Court car park. Tiled floor with underfloor heating. Doorway at the far end of the shop to Kitchenette and w.c.

Outside: Two allocated car parking spaces at the rear of Earley Court numbered 13 and 22.

Services: Electricity, water and drainage.

Rateable Value: £7,000 at 0.475p in the £

Share Of Freehold: Remaining Lease term 121 years and 5 Months. (@ auction date Nov 2022).

Situation:
Lymington offers an extensive range of shops from large household names such as M&S Simply Food and WH Smiths to independent boutiques, coffee shops, restaurants, pubs and tea rooms. There are also a variety of hair salons and beauticians to choose from. Saturdays provide a vibrant atmosphere throughout the town as the market attracts many locals and visitors from throughout the forest and beyond. Lymington is the ideal location for those who enjoy water sports with two marinas and sailing clubs holding access to the Solent and a short drive away from beaches.

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 ASKING 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

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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: SO41 9EP

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

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