Lot 122

TOWN CENTRE BUILDING WITH PLANNING FOR CONVERSION TO FORM FOUR OR FIVE FLATS

7 School Green Road, Freshwater, Isle of Wight, PO40 9AJ
Sold £166,000

This substantial town centre building has previously been in use as a post office, with sorting office and associated offices above and to the rear. At present the building is arranged as a ground floor retail unit with significant storage space to the rear (former sorting office); a two-bedroom flat on the first floor and a large roof space/store on the second floor.

Planning Consent has been obtained for conversion of the majority of the building to form four self-contained residential units. A further consent has been granted under Permitted Development for conversion of the existing shop into a further flat, to enable the shop to be converted into an additional residential unit to allow the entire property to be converted into five residential flats, if required.

Freshwater is the major town at the western end of the Isle of Wight and is situated a short distance from the Yarmouth to Lymington car ferry crossing.

Planning

Planning Permission has been granted by Isle of Wight Council under ref: P/00293/18, dated 4th June 2018, for proposed alterations and conversion of former post office to provide retail unit with four residential flats to include dormers on side elevations and terrace at first floor level on rear elevation, subject to conditions.

Planning Permission has also been granted under ref: P/00765/18, dated 29th August 2018, for prior approval for change of use of ground floor from Post Office (Class A1) to a residential flat (Class C3) and associated operational development, subject to conditions.

A copy of the Planning Consents 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.

Local Planning Authority

Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.

Proposed Accommodation

Ground Floor

Retail Unit/Flat 5

Flat 1

Entrance hall, kitchen/living room, two bedrooms and bathroom with W.C.

First Floor

Flat 2

Entrance hall, kitchen/dining room, bedroom and bathroom with W.C.

Flat 3

Entrance hall, kitchen/living room, two bedrooms and bathroom with W.C.

Second Floor

Flat 4

Entrance hall, kitchen/living room, two bedrooms and bathroom with W.C.

Outside

Courtyard to 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/