External front photo

Studio Flat For Sale £400,000
12 Selsmore Road, Hayling Island, Hampshire


Description
This imposing freehold property sits within a plot which extends to 0.05 hectares (0.12 acres). Currently arranged as four flats, the property is fully let and producing a healthy income. The rents for the flats have not been increased for some time and it is considered there is scope for a new owner to potentially increase the income still further. There is also a six-berth caravan on site, giving further scope to increase the income.

Garden Flat
Living room, kitchen, two bedrooms both with en-suite shower rooms/W.C.s.

Outside
Garden

Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £1,100 per calendar month.

Flat 2
Living room, kitchen, bedroom and bathroom.

Outside
Laundry room and courtyard garden.

Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.

Flat 3
Kitchen, bedroom, shower room and living room.

Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.

Flat 4
Living room, kitchen/dining room and bedroom with en-suite shower room.

Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £850 per calendar month.

Outside
Fenced area with six-berth caravan and driveway with parking to the front.

Residential EPC: C

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 the Auction Day.


Please note, following the Governments advice, lots are now being offered via our online platform. To register for our online auction please go to our online auction page . For further information please go to cliveemson.co.uk or call us on[use Contact Agent Button].

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 , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.

*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

Follow the link for more information:
        
onthemarket.com

  
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