Lot 124

TOWN CENTRE UPPER PARTS FOR CONVERSION TO TWO FLATS

The Upper Parts Of 48 High Street, Newport, Isle of Wight, PO30 1SE
The Upper Parts Of 48 High Street, Newport, Isle of Wight, PO30 1SE
Sold £65,000

Located in the heart of Newport, the Island's county town, the upper two floors of this three storey building are offered for sale on a long lease, with Planning Permission for conversion into two flats.

Existing Accommodation

First Floor

Three store rooms, kitchen and cloakrooms with W.C.s.

Second Floor

Four store rooms.

Proposed Accommodation

First Floor

Living room, kitchen, bedroom and shower room with W.C.

Second Floor

Living room, kitchen, bedroom and bathroom/W.C.

Tenure

Remainder of a 250 year lease commencing upon completion at a ground rental of £250 per annum.

Planning

Planning Permission has been granted by Isle of Wight Council under ref: P/00862/17, dated 12th March 2018, for change of use from class A2 and internal alterations to form two flats, subject to conditions. A copy of the Planning Consent and proposed plans will be available to download from the Clive Emson website, inspection at the Auctioneer's Office or via the Isle of Wight Council website where further information may be available.

Leasehold 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/