A residential investment in central Ryde. Comprising a vacant 3 bed terrace house requiring modernisation, 8 lock-up garages, two 2 bedroom maisonettes, studio flat and two external storerooms. Providing the opportunity to sub-divide or re-develop (STPP). For sale as a single lot, suitable for cash buyers.
Auction date
To be sold by online auction on Wednesday 31st January 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Ryde town centre * Close to local amenities and seafront * Rail link from Ryde St. Johns Road * Ferry and hovercraft links to mainland
Description
* Terraced house * 2 x two bed maisonettes * Studio flat, 8 lock up garages, 2 external stores with potential for conversion (STPP)
Accommodation
Comprises:
131A
Entrance hall, living room, kitchen/diner, bed 3/study, stairs to first floor, 2 bedrooms, bathroom.
131B
Stairs to first floor, hallway, living room, kitchen, 2 bedrooms, external decking area.
131C
Stairs to: hallway, living room, kitchen, 2 bedrooms, bathroom, external garden area
Outside
Access via passageway from High Street, situated between 131 and 132 , courtyard laid to hardstanding, 8 lock-up garages, two external store rooms.
EPC rating
131a - C. Flat 131b - E. Flat 131c - C
Tenure
Leasehold, partially vacant remainder sold subject to existing tenancies.
Tenancies
131b subject to AST from 1st July 2023 at £650 pcm.
131c subject to AST from 21st November 2022 at £650 pcm. Please see legal pack for further details
Ground rent and service charge
Please see legal pack for further details.
Council tax band
Flat 131a B, Flat 131b A, Flat 131c B - Isle of Wight
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty's Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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