No longer on the market
This property is no longer on the market
Floorplan
Map2 bedroom property
Key information
Features and description
- Freehold and three apartments
- 2 x 2 bedroom / 1 x 1 bedroom
- Current income £30,600 per annum
- Rental potential £37,800
- Long lease - 978 years
- Village location
- Communal grounds & associated parking
Video tours
We are pleased to offer to auction this investment opportunity to acquire three apartments and the freehold which currently generate an income of £30,600 per annum. There is the potential for this to increase to £37,800 on renewal of the AST agreements.
Please note we have not inspected this property.
Rooms
Location
Knowle, a charming village nestled within the Fareham region, offers the perfect blend of idyllic countryside living with convenient access to urban amenities. Known for its picturesque landscapes, Knowle boasts a strong sense of community and a welcoming atmosphere. Residents enjoy the tranquility of village life, yet find themselves just a short distance from the bustling town of Fareham. This unique balance makes Knowle an ideal location for those seeking a peaceful retreat with the convenience of nearby schools, shops, and parks, making it a desirable place to live.
Accommodation
The three apartments consist of 2 x 2 bedrooms which both have two double bedrooms, a living room with separate kitchen and a family bathroom along with an en-suite shower room. The third apartment is one double bedroom, one bathroom and a living room with separate kitchen.
The property occupies a corner plot on Park Approach and Charity View. There is a generous garden along with a driveway providing allocated parking for the apartments.
Current Rents
1 The Torrs: £900pcm - Potential rent: £1100pcm
2 The Torrs: £975pcm - Potential rent: £1100pcm
3 The Torrs: £675pcm - Potential rent: £950pcm
Tenure
Freehold. Title number HP614439
All three apartments have the following lease:
999 years from 1st January 2003
Council Tax
1 The Torrs: Band D
2 The Torrs: Band C
3 The Torrs: Band C
EPC
All available upon request.
1 The Torrs: Rating D
2 The Torrs: Rating D
3 The Torrs: Rating C
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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