Lot 97 - Freehold Block Of Six Flats For Investment With Parking To The Rear
Dundas House, 32 The Strand, Isle Of Wight, PO33 1JF
Guide Price: *
£300,000
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:
£300,000Bid history
1 bidT
26/07/2024 15:44:56 - £300,000
Currently let at £28,080 per annum
Previously fully let at £35,360 per annum
Dundas House is an attractive building situated a short walk from Ryde Esplanade, giving access to the splendid sandy beach with views over the Solent beyond and ferry and hovercraft connections to Portsmouth.
The building is arranged as six self-contained flats, each separately assessed for Council Tax and with independent electricity and water supplies. Offering a mix of one and two-bedroom units, the property is considered ideal for addition to an income-producing investment portfolio.
Lower Ground Floor
Flat 6
Entrance hall, living room, two bedrooms, kitchen and bathroom with W.C.
Tenancy
Currently vacant. Previously let at a rent of £140 per week.
Council Band B
Ground Floor
Flat 2
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £100 per week.
Council Band B
Flat 3
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Outside
Patio garden accessed via the living room.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £120 per week.
Council Band A
First Floor
Flat 4
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £100 per week.
Council Band A
Flat 5
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £100 per week.
Council Band A
Second Floor
Flat 1
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £120 per week.
Council Band B
Outside
Garden to the front and car parking to the rear, accessed via Simeon Street.
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
- 97
- Auction end
- 26th Jul at 15:50
- Property type
- Semi-Detached
- Tenure
- Ask Agent
- Bedrooms
- 5+
- Bathrooms
- 3+
- Council tax band
- Ask Agent
Summary
- Lot number
- 97
- Auction end
- 26th Jul at 15:50
- Property type
- Semi-Detached
- Tenure
- Ask Agent
- Bedrooms
- 5+
- Bathrooms
- 3+
- 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.
