miles
Lot 97

LEASEHOLD CAR PARK INVESTMENT

Car Park on the East Side, Of High Street, Brading, Isle of Wight, PO36 0ED
Car Park on the East Side, Of High Street, Brading, Isle of Wight, PO36 0ED
Commercial Investment - Isle of WightCommercial Investment - Isle of Wight - Photo 1Commercial Investment - Isle of WightCommercial Investment - Isle of Wight - Photo 2Commercial Investment - Isle of WightCommercial Investment - Isle of Wight - Photo 3
Withdrawn After

Currently let at £32,493 per annum (gross)

£18,493 (net less lease charge)

A well known landmark in the historic village of Brading. This substantial car park with 87 car parking spaces and three coach bays which measures 0.26 hectares (0.66 acres) is offered for sale as a leasehold income-producing investment, and is held under the terms of a 21 year lease. Income is at present generated from parking machines, advertising signage and annual car parking passes.

While the car park is considered to be a very attractive stand alone investment opportunity, we would suggest that the Lot may have particular appeal to those interested in purchasing Rectory Mansion which is available in the catalogue as
Lot 14.

Auctioneer's Note 1

This Lot will only be made available for bidding on the basis that the previously mentioned Lot 14 Rectory Mansion has reached reserve in the auction.

Auctioneer’s Note 2

The public toilet block marked blue on the location plan is owned by the Local Authority and is excluded from this sale.

Tenure

Held under the terms of a 21 year lease, from 8th May 2009, at a rental of £14,000 per annum.

Viewing

Interested applicants may view on site at any reasonable time.

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/