Lot 45 The Barn, 259 Lovedean Lane, Waterlooville, PO8 9RX

Property Enquiries

Simon Bailey

simon.bailey@bidx1.com
07732681156

Viewing/Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Sian Davies

sian.davies@knightsplc.com
+44 (0) 116 239 1710
Description
Map
Viewings

Addendum
1. Please refer to the legal pack for the delineation of the extent of the site and buildings that is subject to the lease referred to in the tenancy details. 2. We are informed by the tenant that the two single storey workshops at the southern end of the site are subject to an informal agreement at a rent of £500 per month, which would take the current annual income to £41,000 per annum. The auctioneers have not sight of any written agreement in this regard. 3. The part single/part two storey barn that sits between the two occupied parts of the site is currently vacant.
Property Summary
  • On behalf of J Liddiment and P Greenhalgh of Duff and Phelps acting as joint Fixed Charge Receivers
  • Freehold workshop investment
  • Site area 0.30 hectares (0.75 acres)
  • Potential future development potential (subject to planning)
  • Producing £35,000 per annum
Tenure

Freehold

Location

Waterlooville is a market town in Hampshire lying about 8 miles north of Portsmouth and 20 miles south east of Winchester at the southern tip of the South Downs National Park. It lies to the west of the A3(M), which links with the A27 to the south and M25 to the north. Rowlands railway station provides services to London Waterloo as well as Portsmouth.

The property lies in the village of Lovedean, which lies about 2 miles north of Waterlooville and is accessed via the A3 and Lovedean Lane. The property lies on the west side of Lovedean Lane between its junctions with Coldhill Lane and Day Lane just to the south of the Bird in Hand.

Description

An irregular shaped site totalling about 0.30 hectares (0.75 acres) containing a series of former barns and outbuildings currently used as car sales and an MOT centre. The building footprint totals approximately 1,114.80 sq m (12,000 sq ft). The site and buildings may offer alternative use or development potential, subject to obtaining the necessary consents. Prospective purchasers are advised to make their own enquiries.

Planning

East Hampshire District Council (01730 234246) www.easthants.gov.uk

VAT
Please refer to Legal Documents
Property Table
UnitAccommodationTenancyRent
TOTAL  £35,000
The BarnWorkshop and outbuildingsLet to Auto-Barn Motor Services Ltd for a term of 5 years from 12/02/2015 (1)£35,000

(1) The lease is subject to a schedule of condition (refer to legal pack)

The auctioneers have not measured the buildings but from site plans estimate the building footprint to total approximately 1,114.80 sq m (12,000 sq ft).

 

EPC

Please refer to the legal pack


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
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