miles
Lot 105

TOWN CENTRE SHOP

18 High Street, Shanklin, Isle of Wight, PO37 6JY
18 High Street, Shanklin, Isle of Wight, PO37 6JY
MARCH AUCTION

This retail premises extends to 69 sq.m. (742 sq. ft.) and enjoys a prominent position in central Shanklin. Offered with vacant possession, it is considered the unit is ideal for addition to an income-producing portfolio or for use by an owner occupier.

Accommodation

Main retail area, and staff cloakroom with W.C.

Tenure

Held under the terms of a 999 year lease from 15th May 2000. Further lease details will be available in the legal pack.

EPC Rating

The property has an EPC rating of 78 (Band D).

Long 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/