Lot 30

SUBSTANTIAL CORNER BUILDING FOR REFURBISHMENT OR SITE RE-DEVELOPMENT

52, 54 & 56 Fitzroy Street, and 66 & 68 Station Avenue, Sandown, Isle of Wight, PO36 8HY
Sold After

Situated close to the centre of Sandown on the east coast of the Isle of Wight this substantial corner property is situated a short walk from the town centre, seafront and sandy beach beyond. The property has lain empty for a considerable number of years and is sadly in a dilapidated condition, having also suffered some fire damage. When last in use the property comprised four shop units, two fronting Fitzroy Street and two fronting Station Avenue, and a small commercial (taxi) office. Beyond, the commercial units on the ground floor and then continued on the first and second floors was living accommodation including a number of self-contained flats.

It is considered that the building is now ideally suited to a solely residential use and conversion into a number of apartments, subject to all necessary consents being obtainable.

Alternatively, prospective purchasers may wish to consider re-development of the whole site with a new residential scheme, again subject to all necessary consents being obtainable.

Local Planning Authority

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

Accommodation

Last arranged as four shops and a commercial office on the ground floor with additional storage and/or residential accommodation beyond. First and Second Floors comprise a range of rooms offering scope and potential for re-configuration into a number of flat units subject to the new owner's requirements and all necessary consents being obtainable.

Outside

Small (overgrown) courtyard style garden to the rear.

Viewing

All viewers view entirely at their own risk.

Tenure

Remainder of a 990 year (less 10 days) lease, from 11th November 1904, at a ground rental of £32.05 shillings 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/