Lot 98 Close To An Acre And A Half And A Substantial Cottage With Redevelopment PotentialAuction Date:
8th February 2023
Morton Cottage, Morton Old Road, Brading, Isle Of Wight, PO36 0EN
With a total land holding of almost an acre and a half, Morton Cottage is situated within the settlement boundary of the popular residential location of Brading, close to the site of the former Roman Villa, for which the village is well known.
The cottage itself offers significant accommodation, which while in a poor state of repair at present, could be restored to provide a splendid home.
The substantial plot, situated either side of Cherrywood Lodge, extends to 0.57 hectares (1.41 acres) and offers potential for re-development. Pre-application advice has been sought from the local authority which has indicated the potential for seven new homes on the west side of Cherrywood Lodge, subject to all the required consents being obtainable. The new owners may of course wish to submit their own ideas for re-development to the local authority for consideration.
A copy of the Pre-App advice will be available to download along with the legal documentation from the Clive Emson website.
Local Planning Authority
Isle of Wight Council. Website: iow.gov.uk. Tel:01983 821000.
Freehold with Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
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
