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Lot 7

Freehold Commercial/Residential Investment – 1 Shop & 2 Flats – Gross Yield 9%
6 Week Completion

Situation

Located close to the junction with North Street in the centre of this well-known town, nearby multiples such as Iceland and Waitrose and diagonally opposite the Meridian Shopping Centre.
Havant is located 6 miles from Portsmouth and 16 miles from Southampton with easy access via the A27 to the National Motorway Network. Havant Station (National Rail), which is within very close walking distance, provides direct access to nearby towns, Gatwick Airport, London Victoria and London Waterloo.

Property

Nos. 26/26a - Forming part of a purpose-built shopping parade comprising a Ground Floor Shop with a Rear Brick Extension and separate rear access to a Self-Contained Flat on first and second floors.
The property benefits from the use of a communal rear service area for deliveries, Private Parking for 2 Cars and the flat benefits from uPVC windows, gas central heating and private patio.

No. 4a - Forming part of the adjoining shopping parade comprising a Self-Contained Flat on first and second floors with rear access.

VAT is NOT applicable to this Lot

Tenure

• Nos. 26/26a - FREEHOLD

• No. 4a - LEASEHOLD for a term of 999 years from 3rd May 2023 at a peppercorn ground rent.

Note 1: Nos. 20/20a, 22/22a, 24/24a, 28/28a and 32/32a/32b Market Parade are also being offered for sale in this auction - see Lots 4, 5, 6, 8 & 9.

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*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

26/26a & 4a Market Parade, Havant, Hampshire PO9 1QF