Lot 98 - TWO-BEDROOM FLAT FOR INVESTMENT, HOLIDAY USE OR OCCUPATION

Sold £120,750

This two-bedroom apartment is situated in Alma Road at its junction with The Esplanade which runs along Ventnors pretty and popular seafront. In addition to the two-bedroom accommodation within the main body of the apartment, there is a further lower level which comes within the property demise, which it is as yet undeveloped. It is considered that this lower level provides scope for potential incorporation into the main living space, subject to all necessary consents being obtainable.

The apartment is nicely presented and considered ideal for use by an owner occupier or for addition to an income producing letting portfolio. However, in view of the attractive location this may well be a property for a use of a weekend retreat holiday home, or as a holiday let.

Accommodation

Entrance Hall, Living room/kitchen, two-bedroom, bathroom W.C.

Lower Floor

Basement area.

Outside

Courtyard area outside of the lower basement.

Tenure

Remainder of a 99-year lease from 7th March 1994.

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/