Lot 13 Freehold Town Centre Building With PotentialAuction Date:
1st May 2024
11 High Street, Sandown, Isle Of Wight, PO36 8DA
Originally constructed as a branch of Barclays bank, to serve the town of Sandown and, in more recent years, the ground floor of this town centre building served as offices for the highly respected Jerome & Co solicitors. The first floor of the building has been converted into a residential dwelling which has been sold on a long leasehold.
The vacant ground floor, which extends to 223 square metres (2,400 square feet), offers scope and potential for continued use in a commercial guise. Alternatively, it is considered that the rear section of the building may well be suited to conversion into residential accommodation utilising the existing pedestrian access to that section of the building while retaining a commercial presence onto the high street, subject to all necessary consents being obtainable.
Accommodation
Entrance lobby, main reception area (former banking hall) with former strong room/vault, inner hall and a range of additional offices, ladies and gentlemen’s cloakrooms with W.C.s, staff kitchen/rest room, small enclosed garden to the rear.
Auctioneer's Note
The first floor flat (11a) is held under the terms of a 999-year lease from 15th November 1996. Additionally, the freehold title to the adjoining property 13 and 13a High Street is included though these units are held under a long leasehold for a term of 900 years less 10 days from 25th June 1872.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.go.uk
EPC Rating D
Freehold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Further Information
Rob Marchant/Mike Marchant
on 01489 564606
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Legal Documents
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- Special Conditions
- Office Copy Entries
- Lease(s)
- Local Authority Search
- Environmental Search
- Drainage Search
- EPC
- Clive Emson Buyer Online Info Fees
- Holding Deposit
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Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
