2 bed property for sale

Bemisters Lane, Gosport PO12

Summary
** Perfect Investment Opportunity ** Close to Shops ** Close to Gosport Ferry ** Tenants in Situ ** Must be Viewed! **

description
This freehold end of terrace three storey property can be found directly off Gosport High Street and comprises of two x one bedrooms flats which occupy the first and second floors of the property and a ground floor shop which has been sold off on a long 999 year lease with a peppercorn ground rent. The two flats are fully separated with separate leasehold titles and are being offered in recently modernised condition with tenants in situ.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Tenure
Freehold & Leasehold

Lease Details
1 Bemister Lane (gf shop which has been sold off) – The lease is dated 14th September 2017 for 999 years from and including 1st January 2017 with a peppercorn ground rent. Flats 1A & 1B – Each flat has a lease dated 10th October 2017 for a term of 999 years from 1st January 2017.

Description
This freehold mid terrace three storey property be found directly off Gosport
High Street and comprises of two x one bedrooms flats which occupy the first and second floors of the property and a ground floor shop which has been sold off on a long 999 year lease with a peppercorn ground rent. The two flats are fully separated with separate leasehold titles and are being offered in recently modernised condition with tenants in situ.

Accommodation
Ground Floor: Communal Entrance Door to Communal Entrance Hallway with
Stairs to all Floors.
First Floor: Front door to Flat 1B - Entrance Hallway, Bedroom, Living Room opening to Kitchen, Shower Room/WC. Second Floor: Front door to Flat 1A – Living Room, Kitchen, Bedroom, Shower
room/WC. Storage: Store room located off the first floor landing.

Tenancy Details
Both flats are currently let on AST agreements at the following rents: Flat A – 12 month AST at £795 pcm. Flat B – Is privately rented at £700 pcm..

Council Tax Band
A


1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.