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Mixed Residential/commercial Investment In High Street Location Currently Let At £18,300 Per Annum

25 High Street, Milford On Sea, Hampshire, SO41 0QF
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Property description

An attractive freehold property for investment located within the coastal village of Milford On Sea, enjoying a central location and close to the seafront.

The property is currently arranged as a ground floor shop and a self contained two bedroom flat above, both benefit from double glazing and gas central heating. Both the shop and the flat are currently let.

Ground Floor
Main shop area, office/storage space, staff room & W.C.

Let on a Commercial lease for a term of 6 years from 1st November 2016, at a current rental of £9,000 per annum. Currently trading as Time and Tide a woman’s clothing store.

First Floor
Entrance hall with stairs to first floor, hallway, living/dining room, kitchen, two bedrooms, bathroom with W.C.

Let on an Assured Shorthold Tenancy Agreement at a current rental of £775 per calendar month (£9,300 per annum).


Joint Auctioneer

R Ayling Esq, Messrs Hayward Fox, 9 High Street, Milford On Sea, LYMINGTON, Hampshire, SO41 0QF, 01590 644933****


Traditional auction

Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.

* Pricing information

The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.

Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.


All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.