Substantial Freehold Investment
24-26 Creek Road, Hayling Island, Hampshire PO11 9RD
No guide 24 July 2025
GUIDE PRICE AUCTION DATE
This substantial block is situated on Creek Road in the Eastoke area of Hayling Island and comprises eight flats, four of which are sold on long leases and four which are retained by the freeholder. Three of those flats are currently let on Assured Shorthold Tenancy agreements offering a healthy income. The fourth flat has recently become vacant and provides an opportunity to be re-let at an up to date market rent. The rental income for the remaining three flats may also provide scope for improvement. Ground Floor Flat A Entrance hall, bedroom, kitchen, living room, bathroom with W.C. and storage cupboards throughout flat. Car parking space. Tenancy Let under the terms of an Assured Shorthold Tenancy agreement from 4th May 2013 at a current rental of £750 per calendar month. EPC Rating C Council Tax Band A Flat B Entrance hall, bedroom, kitchen, living room, bathroom with W.C. and storage cupboards throughout flat. Car parking space. Tenancy Currently vacant however was most recently let for £800 per calendar month. This flat is currently being advertised for a new tenant. EPC Rating B Council Tax Band A Flat C Entrance hall, bedroom, kitchen, living room, bathroom with W.C. and storage cupboards throughout flat. Car parking space. Tenancy Let under the terms of an Assured Shorthold Tenancy agreement from 21st December 2015 at a current rental of £650 per calendar month. EPC Rating C Council Tax Band A Flat D Entrance hall, three bedrooms, open plan kitchen/living room, bathroom with W.C. and storage cupboards throughout flat. Car parking space. Tenancy Let under the terms of an Assured Shorthold Tenancy agreement from 15th July 2025 at a current rental of £950 per calendar month. EPC Rating C Council Tax Band A First/Second Floor Flat 1 Tenure Remainder of a 99-year lease from 25th March 1973 at a current ground rental of £100 per annum. Flat 2 Tenure Remainder of a 189-year lease from 25th March 1973 at a current ground rental of £100 per annum. Flat 3 Tenure Remainder of a 159-year from 25th March 1973 at a current ground rental of £100 per annum. Flat 4 Tenure Remainder of a 159-year from 25th March 1973 at a current ground rental of £100 per annum. Outside Former garage now used as storage. Auctioneer's Note Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation. Auctioneer's Note 2 We are advised the latest flat lease renewal was undertaken in 2024 for Flat 2, at a renewal premium of £36,000. Freehold with Part Vacant Possession
24-26 Creek Rd, PO11 9RD
Guide Price
No guide
Auction Date
24 Jul 2025
Lot
Lot 115
Auctioneer
Clive Emson
Clive Emson
Rocky Hill London Road Maidstone Kent ME16 8PY
01489 564606
About Clive Emson

Clive Emson Auctioneers was founded in 1989 to supply a high profile auctioneering facility to corporate and independent estate agents, private clients and statutory bodies. The success of our auction house is due to, and remains, attributable to a firm commitment to quality and service distinguished by both our Investors in People and ISO accreditations. The concept of Clive Emson is to provide a specialist land and property auctioneering service and, therefore, does not compete with the traditional estate agency, mortgage broking, insurance or any other aspect of the property world. All properties upon which we are instructed are offered for sale in the auction catalogues that are compiled monthly.