Substantial Freehold Investment
Address
24-26 Creek Road, Hayling Island, Hampshire, PO11 9RD, England
Auction date
24 Jul 2025
Guide price
£470,000
Type
Commercial
Tenure
Freehold
EPC Rating
C
Auctioneer
Clive Emson
Description
This substantial block is located on Creek Road in the Eastoke area of Hayling Island and consists of eight flats. Four are sold on long leases while four are retained by the freeholder. Three of the flats are currently occupied under Assured Shorthold Tenancy agreements generating a stable income, while the recently vacated fourth flat presents an opportunity for re-letting at an updated market rate. There may also be potential for increasing rental yield from the remaining occupied flats.
Flat A:Entrance hall, bedroom, kitchen, living room, bathroom with W.C., and storage cupboards.Let for £750/month from 4th May 2013.Flat B:Currently vacant, was last let for £800/month.Flat C:Let for £650/month from 21st December 2015.Flat D:Three bedrooms and open plan kitchen/living room, currently let for £950/month from 15th July 2025.
Contains four flats with varying lease terms.
Last update: 18 Jul 2025
Similar property auctions
Search more auctions
Tenanted Commercial LOT 58
10-12 London St, Ready Let Investment, Larkhall, ML9 1AG, Scotland
This is a tenanted income-producing investment comprising a ground floor funeral parlour, a separate shop, and a separately accessed 3-bedroom flat, generating a total annual income of £55,600. Significant features include Dignity Funerals Limited renting the funeral parlour, while the flat also produces rental income, making it a perfect investment opportunity.
Auction Date
24 Jul 2025
Guide Price
£407,000
Lot 122 - Seafront Public House With Three-Bedroom Flat With Sea Views
The Forester, 15 The Marina, Deal, Kent, CT14 6NG, England
This attractive end-terrace public house is located on Deal's seafront and features a three-bedroom flat on the upper floor. The property also includes an attached store and garden at the back. It's suitable for various potential uses, which are subject to obtaining necessary permissions. There's also an opportunity to renovate the flat or even create an additional dwelling by altering the single storey building and utilizing part of the garden, again pending the appropriate consents.
Auction Date
24 Jul 2025
Guide Price
£390,000
Substantial Freehold Investment
24-26 Creek Road, Hayling Island, Hampshire, PO11 9RD, England
This substantial block is located on Creek Road in the Eastoke area of Hayling Island and consists of eight flats. Four are sold on long leases while four are retained by the freeholder. Three of the flats are currently occupied under Assured Shorthold Tenancy agreements generating a stable income, while the recently vacated fourth flat presents an opportunity for re-letting at an updated market rate. There may also be potential for increasing rental yield from the remaining occupied flats.
Auction Date
24 Jul 2025
Guide Price
£470,000
Lot 43 - Terraced Commercial Unit With Planning Permission For Residential Conversion
9 Wellington Square, Hastings, East Sussex, TN34 1PB, England
This mid-terrace property in Wellington Square, Hastings, offers planning permission for a residential conversion. Currently utilized as office space, it features three bathrooms and has the potential to revert to residential use. The lot comprises various office spaces, kitchen areas, and parking for two cars.
Auction Date
24 Jul 2025
Guide Price
£425,000
Prime Development Opportunity in Bolton
135-139 Bradshawgate, Bolton, Lancashire, BL2 1BJ, England
This substantial former retail and office building presents a prime development opportunity, subject to planning approval. Located prominently on Bradshawgate in Bolton Town Centre, the property is part of a region experiencing significant regeneration. It comprises several small retail units at ground level and office space on the upper floors, with plans to convert the upper floors into apartments.
Auction Date
30 Jul 2025
Guide Price
£550,000
165-167 Fleet Road
165-167 Fleet Road, Fleet GU51 3PD, England
This property presents a high yielding retail investment opportunity located in a prosperous area. It consists of three modern retail units and is fully leased to Untold Gaming Limited for a duration of 10 years, expiring on 01.06.2030. The investment generates an annual rent of £50,000, backed by personal guarantees.
Auction Date
22 Jul 2025
Guide Price
£380,000