Sold for £62,000

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Freehold land equivalent to 5.06 acres comprising highways, paths, verges and several parcels of land with development potential subject to planning.

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Description/Location

The land is situated in and around Sandham Close, Perowne Way, Stower Palce and Halford Close. There are numerous parcels of land with development potential including those adjacent to 7 and 15 Sandham Close, 60 Perowne Way, 196 Perowne Way and an area of approximately 1.2 acres at Stower Place. We believe the title will comprise land that is publicly maintained highway, buyers should make their own inquiries in this regard. The Lot is sold subject to such requirements as set out in the title to transfer part of or otherwise deal with the Lot for stated third parties.

The title extends to 5.06 acres, the plans in the catalogue show extracts. We refer bidders to the legal pack for confirmation of the extent of the land being sold.

Tenure

Freehold

Local Authority

Isle of Wight Council

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Please contact Charles Darrow Network Auctions on 01305 302222.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.