Lot 7

FREEHOLD THREE STOREY BUILDING ARRANGED AS TWO SELF-CONTAINED FLATS FOR IMPROVEMENT

102A & 102B Adelaide Grove, East Cowes, Isle Of Wight, PO32 6DE
102A & 102B Adelaide Grove, East Cowes, Isle Of Wight, PO32 6DE
Sold £212,000

Originally known as Grove House and reputedly constructed by the master builder WH Brading this attractive three storey building occupies a position on the corner of Adelaide Grove and Yarborough Road. The building is at present configured as two self-contained flats with a one/two bedroom apartment on the ground floor and a three bedroom unit on the upper two floors.

The flats were let for many years providing a worthwhile investment income and subject to some upgrading and refurbishment (particularly to the ground floor flat) are considered ideally suited for continued use in this guise. Alternatively, there may be potential to revert the living accommodation back to a single dwelling, subject to all consents being obtainable. Outside of the property there is the benefit of off-road parking with scope for additional parking spaces in the rear garden if required.

Of interest to investor purchasers might be the proximity of the adjoining car repair garage and the longer term potential for perhaps a collaborative re-development, again subject to all consents being obtainable.

Flat 102A

Ground Floor

Kitchen/living room, shower room with W.C., living room/bedroom two, further bedroom.

Flat 102B

Upper Floors

Ground Floor

Entrance hall with stairs to:

First Floor

Landing, living room, kitchen, bathroom with W.C.

Second Floor

Three bedrooms.

Outside

Wrap-around corner garden including off-road parking accessed from Adelaide Grove.

Local Planning Authority

Isle of Wight Council. Tel: 01983 823552. Website: iwight.com

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/