Lot 35 Ground Floor Town Centre Flat For InvestmentAuction Date:
16th June 2022
Flat 3, Strawberry Heights, Union Road, Ryde, Isle Of Wight, PO33 2FN
Currently let at £5,700 per annum
Situated very much in the town centre and a short walk from the Esplanade and Ryde Pier, this ground floor purpose built flat is at present let and considered ideal for continued use as an income-producing letting investment.
Accommodation
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenure
Remainder of a 125 year lease from 1st January 2008.
Council Tax Band A
Tenancy
Holding over under the terms of an Assured Shorthold Tenancy, at a current rental of £475 per calendar month.
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Fox Property
01983 811811
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 Buyers Fees
