Lot 73

PAIR OF HOUSES FOR IMPROVEMENT WITH STUNNING SEA VIEW

1 and 1A, Ocean View Road, Ventnor, Isle of Wight, PO38 1AA
1 and 1A, Ocean View Road, Ventnor, Isle of Wight, PO38 1AA
Sold After

Numbers 1 and 1A Ocean View Road are the furthest two houses in a terrace of similar properties situated on the upper slopes of the town of Ventnor, enjoying splendid views from the first floor windows over the town and the English Channel beyond.

Also available as Lot 88 is Number 3 Ocean View Road, thereby giving prospective purchasers an opportunity to acquire the first three houses in the terrace should they so wish.

The houses are in need of a programme of upgrading and refurbishment but are considered very worthy of the improvements required, beyond which they are considered ideally suited for addition to a letting portfolio, perhaps for owner occupation or for use as a weekend retreat, holiday home or perhaps for commercial holiday letting.

1 Ocean View Road

Ground Floor

Entrance hall, kitchen, living room/bedroom with shower cubicle and cloakroom with W.C.

First Floor

Landing and two bedrooms.

1A Ocean View Road

Ground Floor

Entrance hall, living room/kitchen and cloakroom with W.C.

First Floor

Landing, three bedrooms and shower room with W.C.

Outside

Small courtyards fronting Ocean View Road. Number 1 has a small garden to the side of the building.

Tenure

Remainder of 986 year Lease from 25 December 1877 at a current ground rental of £10 per annum.

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/