Setley House, Lymington Road, BROCKENHURST, Hampshire, SO42 7UF

LOT 165 - ANNOUNCEMENT
There are revised Tenancy agreement (the Rent Schedule and Rent Paid) and replies to enquiries (CPSE) documents regarding this lot.
The rents for the building stated within the catalogue are incorrect. Buyers are advised to inspect the legal pack for an up to date rent schedule, prior to bidding.

Substantial detached character property set in circa 1.1 acres
20 flats with circa 808 m2 of accommodation
Part let at £120,268 pa – situated in the New Forest

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Tenure: Freehold

Location:
The property can be found in the New Forest National Park, opposite Setley Plain Heathland and located on the road between Brockenhurst and Lymington. Both Brockenhurst and Lymington are only a short distance away and provide a good range of local amenities and shops, together with travel network connections and various tourist attractions associated with this national park location.

Description:
This substantial detached character property offers circa 808 sq meters of accommodation over three floors and is arranged as 20 flats, comprising of 6 x studios, 13 x 1 beds & 1 x 2 bed which are currently part let at a combined income of £120,268 pa (previously £134,068 pa when fully let). The property is set in around 1.1 acres of mature grounds with various outbuildings and shingled parking areas and represents a rare opportunity in the heart of the New Forest National Park.

Accommodation:
Ground Floor: 3675.88 sq ft (341.5 m2) – Flats 1, 2, 3, 4 ,14, 15, 16, & 20.
First Floor: 3474.59 sq ft (322.8 m2) - Flats 6, 7, 8, 9, 10, 11, 17, 18, & 19.
Second Floor: 1549.36 sq ft (143.94 m2) – Flats 12, 13, & 21.
The measurements started are approximate sizes and buyers must inspect the property to clarify the exact sizes prior to bidding.
Outside: Grounds measuring around 1.1 acres with various outbuildings/ garages and mainly laid to lawn, with shingled parking areas.

Tenancy Details:
The flats are currently let at the following rents:
Flat 1 - £114 per week (£5,928 pa),
Flat 2 - £130 per week (£6,760 pa),
Flat 3 - £620 pcm (£7,440 pa),
Flat 4 - £565 pcm (£6,780 pa),
Flat 6 - Vacant,
Flat 7 - £650 pcm (£7,800 pa),
Flat 8 - £555 pcm (£6,660 pa),
Flat 9 - £500 pcm (£6,000 pa),
Flat 10 - £550 pcm (£6,600 pa),
Flat 11 - £505 pcm (£6,060 pa),
Flat 12 - £650 pcm (£7,800 pa),
Flat 13 - £575 pcm (£6,900 pa),
Flat 14 - £585 pcm (£7,020 pa),
Flat 15 - £595 pcm (£7,140 pa),
Flat 16 - £510 pcm (£6,120 pa),
Flat 17 - £470 pcm (£5,640 pa),
Flat 18 - £610 pcm (£7,320 pa),
Flat 19 - £565 pcm (£6,780 pa),
Flat 20 - £460 pcm (£5,520 pa),
Flat 21 - Vacant.
Buyers are advised to satisfy all enquiries regarding the status of the tenancies prior to bidding.

EPC: All flats – C

Council Tax Band: All flats – A

Viewing AgentL
Fox & Sons Auctioneers, 32-34 London Road, Southampton, Hampshire, SO15 2AG
E auctions.southampton@fox-and-sons.co.uk, T 023 8033 8066





Important Notice:
For each Lot, a contract documentation fee of £1,800 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
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Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior areas and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.