Lot 121

FREEHOLD VICTORIAN BUILDING ARRANGED AS SIX HOLIDAY APARTMENTS AND SEPARATE OWNER'S FLAT

Summerhill Apartments, 4 Culver Road, Shanklin, Isle of Wight, PO37 6ER
Summerhill Apartments, 4 Culver Road, Shanklin, Isle of Wight, PO37 6ER
MAY AUCTION

Estimated income fully let (high season) at £4,505 per week

Summerhill Apartments have, for many years, provided a home and income for the present owner who is selling due to retirement.

The six holiday flats, which are all very nicely presented, each offer self-contained living accommodation with one, three-bedroom unit, three, two-bedroom units, a one-bedroom apartment and a studio. In addition, there is a three-bedroom owner's flat. The building is set on an attractive plot of 0.10 hectares (0.24 acres) with ample car parking and garages.

The Summerhill Apartments are situated a short distance from the centre of Shanklin and from the beach and sandy bay, and just 100 yards or so from the popular coastal path linking Sandown, Lake and Shanklin.

Holiday Apartments

Ground Floor

Honeysuckle

A three-bedroom apartment sleeping six people plus cot, which has previously typically been let at £580 per week low season and £950 per week high season.

Willow

A two-bedroom apartment, sleeping four adults plus cot, which has previously typically been let at £480 per week low season and £845 per week high season.

Owner's Accommodation

Comprising living room, kitchen, three bedrooms and bathroom with W.C.

First Floor

Rose

A one-bedroom apartment sleeping two people, which has previously typically been let at £300 per week low season and £530 per week high season.

Chestnut

A two-bedroom apartment, sleeping four adults plus cot, which has previously typically been let at £480 per week low season and £845 per week high season.

Peonie

A studio apartment sleeping two people, which has previously typically been let at £275 per week low season and £490 per week high season.

First & Second Floors

Treetops

A two-bedroom apartment, sleeping four adults plus cot, which has previously typically been let at £480 per week low season and £845 per week high season.

Outside

Gardens to the front which are largely shingled providing ample car parking, two garages and garden to the rear.

Freehold with Vacant Possession

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 cliveemson.co.uk/buyers-fees/