Kings House, Kings Arms Lane, Ringwood, Hampshire, BH24 1AH

A detached two-storey mixed-use property with ground floor retail premises to be provided with vacant possession, and two self-contained flats currently let and generating £18,360 per annum exclusive.

Guide Price £450,000 to £550,000 * Buyers Premium Applies

For sale by unconditional online auction.

To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

Town & Country Property Auctions are delighted to offer For Sale by Public Auction this property which includes a large ground floor retail space, currently used as a showroom, and two self-contained two-bedroom flats on the first floor. The ground floor will be available with vacant possession and offers a good-sized front sales area and a rear office.

Behind the main area, there is additional space that can be used for storage or extra retail, along with a kitchenette and a WC with a wash basin. With the right planning permission, there may be potential to convert the ground floor into residential use.

The two flats are accessed from the rear of the building. Each flat has two bedrooms, a kitchen, a living room, and a bathroom.

Location

Ringwood is an attractive market town located in Hampshire, just outside of the New Forest. Bournemouth town centre is approximately 12 miles to the south and Southampton is approximately 22 miles to the east. The main road adjacent to Ringwood is the A31 which runs west to Dorchester and east to Southampton via the New Forest. Southampton Airport is approximately 23 miles distant, offering flights to destinations across Europe. The subject property occupies a location on Kings Arms Lane accessed via the main High Street. The High Street benefits from a mixture of national retailers, together with local independent shops, cafes, bars and restaurants.

The property will be entered into our 25th June auction which is held online and starts at 10am. You must register to bid and download the legal pack.

PROPERTY FEATURES
. Four Bedrooms
. Two Reception Rooms
. Ground Floor Retail Premises
. Opportunity to Re Develop
. Council Tax Band: A
. Market Value: £600,000
. Rental Value Per Month: Flat 1: Let out via an AST at £885 pcm, equating to £10,620 per annum exclusive Flat 2: Let out via an AST at £645 pcm, equating to £7,740 per annum exclusive
. Freehold
. 56 Day Completion

OPEN DAYS / VIEWING ARRANGEMENTS
The property is available for viewing immediately. Please contact Town & Country Property Auctions on .

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 2.5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.