A well-presented 3 bedroom period townhouse presented in good internal order, with ground floor self-contained 1 bedroom ground floor garden flat offered as single lot. Situated in close proximity to central Ventnor and seafront, offering good investment potential as holiday, or standard let.
To be sold by online auction on Wednesday 27th March 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.
Tenure
53 leasehold with vacant possession, 53A leasehold sold subject to existing tenancy.
Lease
53 - 999 years from 24th June 1884 - 859 years remaining. Garden Flat - 999 years less ten days from 24th June 1884 - 859 years remaining.
Tenancies
53A understood to be let on an AST (now periodic) at £320 PCM. Please see legal pack for further details
Ground rent and service charge
Please see legal pack for further details.
EPC rating
Garden Flat D. 53 E.
Council tax band
Garden Flat B. 53 C - 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.
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".
24/06/1884
999 years (859 years unexpired)
* 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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