Lot 134

FREEHOLD TOWN CENTRE BUILDING COMPRISING FOUR FLATS FOR INVESTMENT

Rookley Villa, Marlborough Road, Ventnor, Isle Of Wight, PO38 1TE
Rookley Villa, Marlborough Road, Ventnor, Isle Of Wight, PO38 1TE
Sold £241,000

Rookley Villa is an attractive detached Victorian building situated a short distance from the centre of Ventnor and its attractive town centre with the seafront and beach a little further afield.

The building is arranged as four self-contained flats with one of the units (Flat 2) in separate ownership and which is held under the terms of a 99 year lease from 1977. The remaining three flats are all vacant and considered ideal for addition to an income producing investment portfolio.

Each of the vacant flats offers one bedroom accommodation with the living space for Flat 4 situated over two floors.

Flat 1

Ground Floor

Entrance hall, living room, kitchen, bedroom, bathroom with W.C.

Flat 2

Tenure

In separate ownership under the terms of a 99 year lease, from 24th May 1977, at a current ground rental of £10 per annum.

Flat 3

First Floor

Kitchen, living room, inner hall, bedroom, bathroom with W.C.

Flat 4

Ground Floor

Entrance lobby, cloakroom with W.C., kitchen/living room.

Lower Ground Floor

Bedroom and bathroom.

Outside

Concrete courtyard area to the rear of the building.

Freehold with Part 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/