Lot 80 - Four Flats And A Detached Chalet Bungalow For Investment
Flats 1-4, Berry Hill, 83 Carisbrooke High Street & 79a Carisbrooke High Street, Isle Of Wight, PO30 1NT
Guide Price: *
£450,000
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:
£440,000Bid history
0 bidsOn the instructions of the Receivers
Currently let at £47,040 per annum plus vacant flat
Situated in the shadow of St Mary’s church and a short drive from the centre of Newport, (the Island’s county town), this imposing building is arranged as four letting units as part of an income producing investment. To the rear is a detached two-bedroom chalet bungalow providing additional letting income.
The letting units are in need of a programme of upgrading and refurbishment but are considered very worthy of the improvements required.
Main Building - Ground Floor
Flat 4
Entrance hall, living room, kitchen, bedroom, inner hall, and bathroom with W.C.
Tenancy
Presently unoccupied.
Flat 1
Living room, kitchen, inner hall, two bedrooms (one with en-suite bathroom with W.C), conservatory and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy from 13th July 2023 at a current rental of £1,050 per calendar month.
First/Second Floor
Flat 2
Landing, kitchen, three bedrooms and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy from 11th July 2023 at a current rental of £850 per calendar month.
Flat 3
We have been advised that the flat comprises two- bedroom accommodation. At the time of publication the Auctioneers have been unable to internally inspect this part of the property.
The details have been provided by the seller. Interested parties should rely on their own investigations to verify the information provided.
Tenancy
Let on an Assured Shorthold Tenancy from 10th July 2023 at a current rental of £850 per calendar month.
79A Carisbrooke High Street
Chalet Bungalow - Ground Floor
Living room, kitchen/dining room and bathroom/W.C.
First Floor
Two bedrooms.
Tenancy
Let on an Assured Shorthold Tenancy from 24th February 2023 at a current rental of £1,170 per calendar month.
Tenure
Held under the terms of a mix of long leasehold and (flying) freehold titles. Further information will be available to download from the Clive Emson website.
Summary
- Lot number
- 80
- Auction end
- 13th Dec at 13:24
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 8+
- Bathrooms
- 5+
- Council tax band
- Ask Agent
Summary
- Lot number
- 80
- Auction end
- 13th Dec at 13:24
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 8+
- Bathrooms
- 5+
- 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.
