LOT 105 - Havant

44-54 West Street, Havant, Hampshire, PO9 1PG

Town Centre Freehold Commercial and Residential Investment

Sold Prior

Key Features
  • A modern development (completed in 2021) comprising 4 retail units, a rear commercial unit and a self-contained block of flats across the upper floors
  • A total of 14 self-contained flats (6 x one bedroom and 8 x two bedroom) together with rear car park
  • Overall GIA of the flats, retail units and office (excluding common parts): 1,455 sq m (15,661 sq ft)
  • Two of the shops are vacant with terms being negotiated for a new lease of Unit 44-46 (2)
  • 0.25 miles from Havant Station
  • VAT is not applicable

Total Current Rent Reserved
£186,100 p.a.
Plus 2 Vacant Shops
Tenure

Freehold


Location
  • Situated on the south coast, Havant is a thriving coastal market town in the south-east of Hampshire, 9 miles to the east of Portsmouth, 10 miles to the west of Chichester and 18 miles to the east of Southampton
  • The town benefits from excellent transport links being only 0.2 miles to the north of the A27 which provides direct access to Chichester, Portsmouth, the M27 and A3(M) Motorways
  • Havant Station is located 0.25 miles to the north west of Sussex House providing regular train services to Chichester and Portsmouth where connecting services run directly to Southampton, Gatwick Airport and London Terminals
  • The property is located on the north side of the pedestrianised West Street, the town’s principle retail thoroughfare, close to its junction with Park Road South
  • Occupiers close by include Superdrug, Boots the Chemist, New Look, Greggs, McDonald’s, whilst Aldi, Tesco and Waitrose are also closely
Additional Information
  • The commercial accommodation comprises 4 ground floor shop units fronting West Street and a rear unit (Unit 48)
  • The residential element of the building is known as Sussex House and is arranged over part ground, first and second floors to provide 14 self-contained flats (6 x one bedroom and 8 x two bedroom).
  • Sussex House benefits from its own secure entrance directly from 50 West Street and also from the rear of the building.
  • The flats are arranged over the first and second floors and are reached via a single central core stairs and a lift.
  • Four flats located to the rear of the building at first floor level benefit from outside space across a roof terrace.
  • To the rear of the property there is a car park providing parking for up to 10 cars, a secure storage room (bike storage available) and bin store.
  • There is an electricity substation site at the rear of the car park
VAT

VAT is not applicable to this lot.

Viewings

There will be a block viewings held prior to the auction. If you would like to attend you must register with us in advance. Please email viewings2@allsop.co.uk with the name and mobile number of each party wishing to attend, photographic ID will be required on the day. In the subject box of your email please enter the Lot number, town and postcode of the property you wish to view.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
Contacts
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Important notice - Pre-registration approval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid Allsop now require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made). Guide Prices 1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price. 2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure. 3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction. 4. All guide prices are quoted "subject to contract". 5. Please note the guide price for the Lot does not include: - any Buyers' Fee charged by the auctioneers; - VAT on the sale price; - SDLT or any other Government taxes; - additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers. 6. If a guide price is listed as "TBA", it means no guide price has been set at present. Please do not call our office about this - the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction. Reserve Prices 7. The reserve price is the minimum price at which the Lot can be sold. 8. Whilst every effort is made to ensure that the advertised guide prices are up-to-date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction. Buyers' fees, Seller's fees and additional charges 9. For each Lot, a Buyers' Fee is payable on the fall of the hammer to Allsop LLP as follows: Residential Auctions - Lots sold for £10,000 or more: Buyers' Fee of £1,500 inclusive of VAT - Lots sold for less than £10,000: Buyers' Fee of £300 inclusive of VAT Commercial Auctions - All Lots: Buyers Fee £1,000 inclusive of VAT 10. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts. 11. VAT may be chargeable in addition to the sale price for the Lot. The Lot Particulars and/or the Special Conditions of Sale will indicate whether VAT applies. Other Matters 12. Please note that Lots may be sold or withdrawn at any time prior to auction. 13. Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer's Fee may each be varied from the standard amounts quoted. Please refer to the addendum, the Particulars and/or the conditions of sale. 14. Street trader plans are reproduced with the consent of Experian Goad Limited. Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty's Stationery Office. © Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020 15. The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing. The Auctioneers do not warrant or represent that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.