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24-26 Creek Road, Hayling Island, Hampshire
£495,000
24-26 Creek Road, Hayling Island, Hampshire
£495,000
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 : 12 June 2025
- For Sale by Online Auction
Description
This property is a substantial block of eight flats on Creek Road in Hayling Island, with four flats sold on long leases and four retained by the freeholder. Three of the flats are currently let on Assured Shorthold Tenancy agreements, generating a healthy income, while the fourth is vacant and offers an opportunity to re-let at a market rent. The remaining three flats may also have scope for rental income improvement. The flats are a mix of one and three-bedroom properties, each with its own car parking space, and are situated on the ground and first/second floors. The freehold property includes a former garage now used as storage, and the leaseholders have not reserved their rights under the Landlord & Tenant Act 1987. The property is being sold with part vacant possession and a residential EPC rating of C.