miles
Lot 94

SUBSTANTIAL FORMER DRILL HALL AND SURROUNDING LAND OF HALF AN ACRE

Land & Former Drill Hall, Rear Of 53 St. Johns Wood Road, Ryde, Isle Of Wight, PO33 1HL
Land & Former Drill Hall, Rear Of 53 St. Johns Wood Road, Ryde, Isle Of Wight, PO33 1HL
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Sold £248,000

This substantial former Army drill hall sits on a plot of 0.22 hectares (0.55 acres) accessed off St Johns Wood Road, a short drive from the centre of Ryde with all of its amenities including ferry and hovercraft connections to the mainland.

It is considered that the existing building may be suitable for other uses including residential conversion with potential for re-development of the remainder of the site. Alternatively, prospective purchasers may wish to consider re-development of the whole of the site with demolition of the existing drill hall, all of which would be subject to all necessary consents being obtainable.

The current owners have undertaken some preliminary work including a proposed scheme and flood mitigation reports which will be within the legal pack available to download from the Clive Emson website.

Local Planning Authority

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

Tenure

Held under the terms of a 999 lease from 25th December 1871. Further information will be available to download from the Clive Emson website.

Viewing

Directly on site at any reasonable time.

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/