Lot 122 - Freehold Town Centre Building With Potential
11-13 High Street, Isle Of Wight, PO36 8DA
Guide Price: *
£80,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£80,000Bid history
1 bidD
07/06/2024 17:06:05 - £80,000
Originally constructed as a branch of Barclays bank, to serve the town of Sandown and, in more recent years, the ground floor of this town centre building served as offices for the highly respected Jerome & Co solicitors. The first floor of the building has been converted into a residential dwelling which has been sold on a long leasehold.
The vacant ground floor, which extends to 223 square metres (2,400 square feet), offers scope and potential for continued use in a commercial guise. Alternatively, it is considered that the rear section of the building may well be suited to conversion into residential accommodation utilising the existing pedestrian access to that section of the building while retaining a commercial presence onto the high street, subject to all necessary consents being obtainable.
Accommodation
Entrance lobby, main reception area (former banking hall) with former strong room/vault, inner hall and a range of additional offices, ladies and gentlemen’s cloakrooms with W.C.s, staff kitchen/rest room, small enclosed garden to the rear.
Auctioneer's Note
The first floor flat (11a) is held under the terms of a 999-year lease from 15th November 1996. Additionally, the freehold title to the adjoining property 13 and 13a High Street is included though these units are held under a long leasehold for a term of 900 years less 10 days from 25th June 1872.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.go.uk
EPC Rating D
Freehold with Part Vacant Possession
Joint Auctioneer
Scotcher & Co, 26 The Mall, Carisbrooke Road, NEWPORT, Isle of Wight, PO30 1BW, 01983 822288
Summary
- Lot number
- 122
- Auction end
- 7th Jun at 17:14
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 122
- Auction end
- 7th Jun at 17:14
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Hampshire, Dorset, Wiltshire & Isle of Wight
01489 564606
Unit 14, Fulcrum 2, Solent Way, Whiteley, Fareham, Hampshire, PO15 7FN
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
