6 bed block of flats for sale

24-26 Creek Road, Hayling Island, Hampshire PO11

This substantial block is situated on Creek Road in the Eastoke area of Hayling Island and comprises eight flats, four of which are sold on long leases and four which are retained by the freeholder. Three of those flats are currently let on Assured Shorthold Tenancy agreements offering a healthy income. The fourth flat has recently become vacant and provides an opportunity to be re-let at an up to date market rent. The rental income for the remaining three flats may also provide scope for improvement.

Ground Floor
Flat A
Entrance hall, bedroom, kitchen, living room, bathroom with W.C. And storage cupboards throughout flat. Car parking space.
Tenancy
Let under the terms of an Assured Shorthold Tenancy agreement from 4th May 2013 at a current rental of £750 per calendar month.
EPC Rating
To be confirmed.
Council Tax Band A

Flat B
Entrance hall, bedroom, kitchen, living room, bathroom with W.C. And storage cupboards throughout flat. Car parking space.
Tenancy
Currently vacant however was most recently let for £800 per calendar month.
EPC Rating B
Council Tax Band A

Flat C
Entrance hall, bedroom, kitchen, living room, bathroom with W.C. And storage cupboards throughout flat. Car parking space.
Tenancy
Let under the terms of an Assured Shorthold Tenancy agreement from 21st December 2015 at a current rental of £650 per calendar month.
EPC Rating C
Council Tax Band A

Flat D
Entrance hall, three bedrooms, open plan kitchen/living room, bathroom with W.C. And storage cupboards throughout flat. Car parking space.
Tenancy
Let under the terms of an Assured Shorthold Tenancy agreement from 15th July 2025 at a current rental of £950 per calendar month.
EPC Rating C
Council Tax Band A

First/Second Floor
Flat 1
Tenure
Remainder of a 99-year lease from 25th March 1973 at a current ground rental of £25 per annum.

Flat 2
Tenure
Remainder of a 189-year lease from 25th March 1973.

Flat 3
Tenure
Remainder of a 159-year from 25th March 1973.

Flat 4
Tenure
Remainder of a 159-year from 25th March 1973.

Outside
Former garage now used as storage.

Auctioneer's Note
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.

Auctioneer's Note 2
We are advised the latest flat lease renewal was undertaken in 2024 for Flat 2, at a renewal premium of £36,000.

Freehold with Part Vacant Possession
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.

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 , in order to stay fully informed with the up-to-date information.

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