Block of flats for sale

Ground Rents, 3 Avenue Road, Gosport, Hampshire PO12

This purpose-built block is arranged as seven self-contained flats, all of which have been sold on long leases. The block is located close to Stoke Road and the parade of shops with the main High Street and Gosport Ferry connections a short distance away.

The head leasehold interest is now offered for sale and we are advised that the head leaseholder is responsible for the insurance, management and maintenance of the building, recovering the costs from the lessees via a service charge.

Flat numbers 1 - 6 (inclusive) have each been sold under the terms of a 125-year lease (less three days), from 5th June 2009 and Flat 7 has been sold on a 123-year lease (less three days) from 9th June 2011.

Head Lease
Tenure
Remainder of a 125-year lease from 5th June 2009.

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.

Viewing
External viewing only.
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.

*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