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Semi-detached house for sale
FREEHOLD for 89 Anns Hill Road, Gosport, Hampshire, PO12
£2,000
FREEHOLD for 89 Anns Hill Road, Gosport, Hampshire, PO12
£2,000
Our Summary
- ** For Sale By Online Auction** Pre Auction Offers Considered** Freehold interest only
- Ground Rent investment and potential for future lease extension
- 2 leases for 89 & 89A - * 89 lease expires 1 Sep 2182 * 159 years left on lease * Payment terms tbc - currently 100 ground rent per year, incremental increases tbc * 89A lease expires 2182 * 159 years left on lease * Payment terms tbc - currently 100 pounds per year, incremental increase tbc Modern Terms & Conditions - This property is for sale via Online Auction
- This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
- The auction will run for 3 hours on a set date and time chosen by the vendor of the property
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £2,400 inclusive of VAT
- The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
Description
A freehold interest property is available for sale via online auction, with two leases in place for 89 and 89A, respectively. The leases have varying expiration dates, with the 89 lease expiring in 2018 and the 89A lease expiring in 2182. The current ground rent is £100 per year, with incremental increases to be determined. The Modern Terms & Conditions of the auction include a non-refundable reservation fee of 3% inclusive of VAT, and the winning bidder must exchange within 28 days to avoid the property being remarketed. The auction is powered by Whoobid and subject to terms & conditions, and bidders are advised to review the legal documents prior to bidding.