1 bed detached bungalow for sale

Fontley Road, Titchfield, Fareham PO15

A rare and superb opportunity to acquire a detached bungalow set in 13 acres with a 2 acre carp pond offering an ideal site for home and income and the potential for significant growth.

The 13 acres:
The land comprises a mix of residential, commercial, greenbelt, and sssi-designated areas.

The carp lake:
The lake is open to the public via day tickets and generates approximately £80,000 per annum. () and there is a smaller pond also.

Outbuildings:

Two commercial rental units generating £6,000 per year each
A disused piggery
A fishing shop generating £20,000 per annum, which also includes toilets, a shower, and a storage room
Garage.
Other sources of revenue:
Permission for up to five camper vans operating as a CL site, charged at £15 per night
Sale of surplus stock via eBay, generating approximately £10,000 per annum
It’s important to note that the sellers have historically taken a conservative approach to pricing and have not actively sought to optimise revenue. As a result, there is significant potential to increase income across multiple areas. This includes mobile accommodation options such as shepherds’ huts, for which we have modelled a business case indicating potential annual revenue in excess of £400,000, based on conservative occupancy assumptions.
There is also a small Beehive operation, orchard tree’s: Pear, plums apples (at least 30 trees)

Property Description

Being Sold by goto Online Auction

Starting Bids from £2,000,000.

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor or 10 working days after receipt of the buyer’s premium, whichever is earlier Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

10% in excess Please note this property is subject to an undisclosed Reserve Price which is typically no more than of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.

To book a viewing visit Purplebricks.

General Information

Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 4.3% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £396.00 including VAT. This secures the transaction and takes the property off the market.

Stamp Duty Land Tax (sdlt) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property Ownership Information

Tenure

Freehold

Council Tax Band

F

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.