Lot 9

FORMER SCHOOL HOUSE WITH CONSENT FOR RESIDENTIAL CONVERSION

Braunstone House, Lugley Street, Newport, Isle Of Wight, PO30 5ET
Braunstone House, Lugley Street, Newport, Isle Of Wight, PO30 5ET
Guide Price £95,000+ * + Fees

Viewing by arrangement with Clive Emson Auctioneers

Lugley Street is situated in the heart of Newport town centre and runs parallel with the High Street. This former school house has been vacant for many years but is now offered for sale with Planning Consent for conversion to form two residential apartments with the benefit of a garden to the rear. Once the apartments are completed it is considered they would be ideal for re-sale into the local market place or for addition to an income producing portfolio.

Proposed Accommodation

Each flat will comprise an open plan living/dining room, bedroom and bathroom with W.C.

Outside

There is an enclosed garden to the rear.

Planning

Planning Permission has been granted by Isle of Wight Council under Ref: 19/01440/FUL dated 14th May 2020 for the proposed conversion of disused storage area (fronting Lugley Street) to create two self-contained residential units (C3) including two storey rear extension, subject to conditions. A copy of the Planning Consent will be available to download from the Clive Emson website.

Freehold with Vacant Possession

Braunstone House, Lugley Street, Newport, Isle Of Wight
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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/