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24-26 Creek Road, Hayling Island, Hampshire
£470,000
24-26 Creek Road, Hayling Island, Hampshire
£470,000
Our Summary
- The rental income for the remaining three flats may also provide scope for improvement
- Freehold with Part Vacant PossessionResidential EPC: CImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
- Auction Date : 24 July 2025
- For Sale by Online Auction
Description
This substantial block of eight flats on Creek Road in Hayling Island is a rare opportunity for investors or developers. The property consists of four long-lease flats and four retained by the freeholder, with three of the long-lease flats currently let out on Assured Shorthold Tenancy agreements, generating a healthy income. The fourth long-lease flat has recently become vacant, providing a chance to re-let at a market rent. The property also offers potential for rental income improvement. The flats are well-appointed, with car parking spaces and EPC ratings ranging from B to C. The freehold is being sold with part vacant possession, and the leaseholders have not reserved their rights under the Landlord & Tenant Act 1987. The property is an attractive opportunity for those looking to expand their property portfolio or develop the site.