15 bed Flat For Sale £2,000,000
London Road, Waterlooville PO8

Guide Price £2,000,000 Plus Fees
For sale by unconditional online auction, registration is now open. Bidding opens on 27/06/2024 10:00 and ends on 27/06/2024 12:00.

For sale by online auction on 27th June 2024
Bidding opens at 10:00am and closes from 12:00 noon
Development of 10 apartments
Fully tenanted - producing £135,891.72 per annum
High spec development
Allocated parking and bike store
Desirable location

A rare opportunity to purchase a high end development of five 2-bed apartments and five 1-bed apartments, each with 999 year leases issued in 2019. High spec and well thought out, these apartments are stunning both externally and internally, and come with allocated parking plus bike store.

All 10 apartment are currently tenanted, producing a total Annual Rental Income of £135,891.72, with monthly rental figures as follows:
Apartment 1 - £1,300.00 pcm
Apartment 2 - £1,325.00 pcm
Apartment 3 - £924.58 pcm
Apartment 4 - £975.00 pcm
Apartment 5 - £1,000.00 pcm
Apartment 6 - £900.00 pcm
Apartment 7 - £1,025.00 pcm
Apartment 8 - £1,225.15 pcm
Apartment 9 - £1,325.00 pcm
Apartment 10 - £1,324.58 pcm

Ideally located a couple of minutes walk from Shops, Supermarkets, Surgeries, Pharmacies and Dentists with a selection of excellent schools and further education colleges nearby. Portsmouth university is 9 miles away.

The Forest of the Queen's Enclosure, Padnell Park and Jubilee Park are all within walking distance. The area boasts numerous country pubs and restaurants
Havant train station is five miles to the south and Petersfield train station is nine miles to the North with bus routes to and from Havant and Petersfield. A dedicated bus lane route from Cowplain allows access to Portsmouth & Southsea within 30 minutes. The National Express Coach to London also runs through Cowplain.

Cowplain is a highly sought-after location to live in S.E. Hampshire and Forest Grove House is unquestionably apartment living at it very best.

Disclaimer:
Material information will be provided within the legal pack - to download this register your interest at tcpa.co.uk.

Council Tax Bands:
Band A - Flats 3, 4 and 6.
Band B - Flats 1, 2, 5, 7, 8, 9, and 10.

Tenure
Freehold

Terms

Legal Pack

To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

UNCONDITIONAL LOT Exchange and administration fee information: (plus fees)
Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.

Registration Process
To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.