Terraced house for sale

Ground Rents, 60 West Street, Portchester, Fareham, Hampshire PO16

This freehold investment opportunity is situated on West Street close to other retail units, including some national retailers.

There is excellent road access via the A27 and M27 for ease of travel to Portsmouth and Southampton, with the railway station a short distance away offering mainline links to surrounding areas.

The ground floor is currently let as a hairdressing salon offering a healthy income and the two self-contained flats on the first floor are sold on long leases. The building shares a parking area to the rear, with rear access via an unmade shared private road from West Street.

We understand the freeholder is responsible for the maintenance, management and insurance of the building recovering the costs from the leaseholders.

60-60a West Street
Tenure
Remainder of a 12-year commercial lease, from April 2022, at a rental of £9,500 per annum.
EPC Rating
B (49). Total Floor Area 65 sq.m.

Flat 1
Tenure
Sold on a 125-year lease, from 1st October 1980 at a ground rental of £20 per annum.

Flat 2
Tenure
Sold on a 215-year lease, from 1st October 1980 currently let at a peppercorn ground rental.

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.
Commercial EPC: B
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