Lot 75 - Freehold Town Centre Building With Potential
134 & 135 High Street, Isle Of Wight, PO30 1TX
Guide Price: *
£260,000
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
Opening bid:
£260,000Bid history
0 bidsCurrently let at £2,410 per annum
This substantial freehold property is located in the heart of Newport High Street, the Island's county town, and benefits from a prominent corner position. The accommodation is split across three floors and the upper two floors offer a good deal of scope and potential for upgrading and remodelling to form several residential units, subject to all necessary consents being obtainable. The existing ground floor comprises two retail units, both of which are considered an ideal size for letting to local businesses.
134 High Street
Ground Floor
Main retail area, office, staff room with kitchen and W.C.
135 High Street
Ground Floor
Main retail area and stairs to first floor.
First Floor
Open-plan rooms, currently in use as office/storage for the commercial unit.
Holyrood Street
Ground Floor
Entrance lobby, storeroom and cloakroom with W.C.
First Floor
Office and further cloakroom with W.C.
Tenancy
Currently let on an informal basis at a rental of £2,410 per annum.
Second Floor
An array of office/former residential rooms and bathroom with W.C.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
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
- 75
- Auction end
- 24th Jul at 12:14
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 75
- Auction end
- 24th Jul at 12:14
- 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.
