Rear of, 10 The Parade Ashley Road, New Milton, Hampshire, BH25 5BS
- PROPERTY TYPE
Residential Development
- BATHROOMS
1
- SIZE
Ask agent
Description
Guide Price £55,000 to £60,000 * Buyers PremiumApplies
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 Commercial Freehold Investment situated in the highly sought after area of New Milton. The property is positioned behind The Parade on Ashley Road and is accessed via a side lane from Lower Ashley Road. The property is an annexed premises currently occupied and trading as an Independent Hair Salon. The property is let on a 5 year full repairing and insuring lease expiring on 27th October 2030 at a rental of £5,500 pa which equates to approximately a 10% rental yield pa.
The net internal area is 24.37 sqm/262 sq ft approx. There is also a wc with a shower and 1 allocated parking space.
Rateable Value
£3,550 (from 1.4.26). 100% small business rates relief is available on all properties with a rateable value of £12,000 or less (subject to conditions).
Vat exempt.
The property will be entered into our 26th August auction which is held online and starts at 10am. You must register to bid and download the legal pack.
PROPERTY FEATURES
. Freehold Commercial Investment
. Currently Let on a Full Repairing & Lease at £5,500PA
. 1 x Allocated Parking Space
. Market Value: £70,000
. Rental Value Per Month: £458
. Freehold
. 28 Day Completion
TENANCY INFORMATION
. Tenancy Term: 5 Years Expiring on 27th October 2030
. Are the Tenants in Arrears: No
VIEWING ARRANGEMENTS
We will be holding viewing slots, please call us on .
The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a £5,000 or 5% deposit and a 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 28 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.
Brochures
Legal DocumentsOnline BiddingRear of, 10 The Parade Ashley Road, New Milton, Hampshire, BH25 5BS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- New Milton Station0.8 miles
- Sway Station2.3 miles
- Hinton Admiral Station3.3 miles
About Town & Country Property Auctions, Bournemouth
Regus Bournemouth Oxford Oxford Road, Bournemouth, BH8 8GSNotes
Disclaimer - Property reference 359026. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Town & Country Property Auctions, Bournemouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country Property Auctions, Bournemouth on 01202 125862.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”