Freehold to include, 19/21 Station Road & 72A New Road, SOUTHAMPTON, Hampshire, SO31 5DU
11th September 2023
starts 09:30 AM at Grand Connaught Rooms
starts 09:30 AM at Grand Connaught Rooms
last bid was £370,000,
guide price *
£375,000
Tenure: Freehold
!
The negotiator dealing with this Lot is Peter Bryan and he can be contacted on 02380 338 066 or by email: peter.bryan@fox-and-sons.co.uk
Substantial mixed commercial & residential opportunity
2 x commercial units, 1 x 3 bed semi detached cottage & ground rent
Fully let with current income of £27,100 pa
Tenure
Freehold
Lease Details
72 New Road has been sold off on a lease dated 7th July 1988 for 99 years from 25th December 1987 with a ground rent of £100 pa.
Location
The property is located in the heart of the historic village of Netley, which is situated to the south east of the city of Southampton and on the banks of the River Itchen estuary. The property is ideally placed for local amenities together with points of interest and travel networks, with Netley railway station providing connections to Southampton Central and Portsmouth Harbour.
Description
This substantial freehold property comprises of two ground floor commercial units (21 & 72a) which are currently operating as a barber shop and spa treatment shop, along with a well proportioned three bedroom semi detached cottage (19). The freehold also includes the rights to collect the ground rent from the first floor flat (72) which has been sold off on a 99 year lease (63 years remaining). The property is being sold fully let with a combined income of £27,100 pa.
Accommodation
(No. 19 – Cottage)Ground Floor: Entrance Hall with Stairs to First Floor, Living Room, Dining Room, Kitchen, Inner Hall, Utility Room, WC. First Floor: Landing, Bedroom One, Bedroom Two, Bedroom Three, Bathroom. Outside: Enclosed garden to rear.(No. 21) Ground Floor: Reception/Counter Room, Treatment Room One, TreatmentRoom Two, Kitchen, WC.(No. 72a) Ground Floor: Reception Room, Counter/Barbers Room, Inner Hallway, WC, Treatment/Store Room.
Tenancy Details
Currently let at the following rents: No. 19 - £1,200 pcm (£14,400 pa), No. 21 - £500 pcm (£6,000 pa) & No. 72a - £550 pcm (£6,600 pa). Copies of the tenancies will be included in the legal pack and all buyers are advised to satisfy any enquiries regarding the status of the tenancies, prior to bidding.
EPC
19 – D. 21 – C. 72a – D.
Council Tax Band D
Viewing Agent
Fox & Sons Auctioneers32-34 London Road, Southampton, Hampshire, SO15 2AGE auctions.southampton@fox-and-sons.co.ukT 023 8033 8066
Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
2 x commercial units, 1 x 3 bed semi detached cottage & ground rent
Fully let with current income of £27,100 pa
Tenure
Freehold
Lease Details
72 New Road has been sold off on a lease dated 7th July 1988 for 99 years from 25th December 1987 with a ground rent of £100 pa.
Location
The property is located in the heart of the historic village of Netley, which is situated to the south east of the city of Southampton and on the banks of the River Itchen estuary. The property is ideally placed for local amenities together with points of interest and travel networks, with Netley railway station providing connections to Southampton Central and Portsmouth Harbour.
Description
This substantial freehold property comprises of two ground floor commercial units (21 & 72a) which are currently operating as a barber shop and spa treatment shop, along with a well proportioned three bedroom semi detached cottage (19). The freehold also includes the rights to collect the ground rent from the first floor flat (72) which has been sold off on a 99 year lease (63 years remaining). The property is being sold fully let with a combined income of £27,100 pa.
Accommodation
(No. 19 – Cottage)Ground Floor: Entrance Hall with Stairs to First Floor, Living Room, Dining Room, Kitchen, Inner Hall, Utility Room, WC. First Floor: Landing, Bedroom One, Bedroom Two, Bedroom Three, Bathroom. Outside: Enclosed garden to rear.(No. 21) Ground Floor: Reception/Counter Room, Treatment Room One, TreatmentRoom Two, Kitchen, WC.(No. 72a) Ground Floor: Reception Room, Counter/Barbers Room, Inner Hallway, WC, Treatment/Store Room.
Tenancy Details
Currently let at the following rents: No. 19 - £1,200 pcm (£14,400 pa), No. 21 - £500 pcm (£6,000 pa) & No. 72a - £550 pcm (£6,600 pa). Copies of the tenancies will be included in the legal pack and all buyers are advised to satisfy any enquiries regarding the status of the tenancies, prior to bidding.
EPC
19 – D. 21 – C. 72a – D.
Council Tax Band D
Viewing Agent
Fox & Sons Auctioneers32-34 London Road, Southampton, Hampshire, SO15 2AGE auctions.southampton@fox-and-sons.co.ukT 023 8033 8066
Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
Council Tax Band: D
Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.
lot infomation last updated: 11th September 2023 at 03:34 PM
Lot Email To Friend
Information about this lot will be sent to your friend.
not available
The legal documents are not yet available, please save the Lot to be notified when they become available or when they change.
close window