Lot 108

DEVELOPMENT SITE WITH PLANNING PERMISSION FOR SEVEN HOUSES

Land Adj. Kingston Farmhouse, Beatrice Avenue, East Cowes, Isle of Wight, PO32 6LL
Land Adj. Kingston Farmhouse, Beatrice Avenue, East Cowes, Isle of Wight, PO32 6LL
Sold £142,000

Situated on the north-west corner of a development site (Hawthorn Meadows), nearly completed by Barratt Homes, this 0.13 hectare (0.34 acre) site, has Planning Consent for the construction of seven houses.

The development has been commenced and so the consent is extant. The units, when completed, are considered ideal for re-sale into the local marketplace or retention for their income-producing letting potential. The completed houses will be three pairs of semi-detached houses and a detached house, in what is a very pleasant location.

The site is conveniently situated a short distance from a range of shopping and other amenities of East Cowes from which the famous Cowes yacht harbour is a short distance away by chain ferry link.

Auctioneer's Note

Footings have been dug and foundations laid for Plot No.1 meaning a material start to the Planning Consent commenced to the satisfaction of the Local Authority Building Control.

Planning

Planning Permission has been granted by the Isle of Wight Council, under ref: P/01219/12, dated 24th October 2012, for the construction of three pairs of semi-detached houses; one detached house; associated garages and parking; alterations to access road; formation of vehicular access (revised scheme), subject to conditions.

A copy of the Planning Consent and proposed plans will be available to download from the Clive Emson website, the Local Planning Authority website or inspection at the Auctioneer's office.

Viewing

Interested applicants may view directly on site.

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/