Lot 29

SHOP AND FLAT FOR INVESTMENT

Commercial Unit & Flat, Corinthian Court, Cross Street, Shanklin, Isle Of Wight, PO37 6BU
Commercial Unit & Flat, Corinthian Court, Cross Street, Shanklin, Isle Of Wight, PO37 6BU
Withdrawn After

Benefitting from a corner position in Shanklin on the east coast of the Island, this ground and first floor commercial unit is deceptively large and extends to approximately 200 sq.m.(2,152 sq.ft.). In addition to the commercial accommodation there is a one bedroom flat which is accessed separately to the side of the retail premises. Planning consent has also been granted for conversion of part of the existing commercial unit to form an additional residential unit.

Commercial Accommodation

Main retail area, several treatment rooms and staff/customer toilets.

Residential Accommodation

Kitchen/living room, bedroom, shower room and cloakroom with W.C.

Proposed Residential Accommodation

Kitchen/living room, bedroom and shower room with W.C.

Planning

Planning Permission has been granted by Isle of Wight Council under reference P/00187/17, dated 7th September 2017, for the conversion of part of ground floor to residential unit, subject to conditions. A copy of the planning consent and proposed plans will be available to download from the Clive Emson website.

Tenure

Remainder of a 998 year lease from 24th June 1987. Further details will be available to download in the legal documentation.

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/