Sold Prior to auction, for an undisclosed amount

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By Order of a Housing Association

A freehold building comprising 6 flats (4 x 2 bedroom & 2 x 1 bedroom) and 2 ground floor retail units. Flats are vacant, the retail premises are sold off on long leases.

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Description/Location

Ideally situated in the town centre and convenient for all amenities including the ferry terminal.

Local Authority

Isle of Wight Council

Viewing

Network Auctions - 020 7871 0420

Accommodation

Flat 1: Top floor 2 bed, 506 sq ft. Energy Rating D/65 Flat 2: Top floor, 2 bed 484 sq ft. Energy Rating E/48 Flat 3: First Floor 2 bed, 506 sq ft. Energy Rating D/58 Flat 4: First Floor 2 bed, 463 sq ft. Energy Rating E/39 Flat 5: Ground Floor, 1 bed. Energy Rating C/72 Flat 6: Ground Floor, 441 sq ft. Energy Rating C/74 Retail Premises: Held on a lease for 125 years from 01/12/1998.

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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.