Lot 104 Three Storey Freehold Building With Consent For Re-developmentAuction Date:
15th June 2023
162 Gunville Road, Newport, Isle Of Wight, PO30 5LS
This three storey detached building is situated opposite the Methodist Church on Gunville Road and has previously been in use as a commercial property on the ground floor with living accommodation over. Most recent uses include a convenience store and latterly an animal charity.
The existing accommodation is very tired but, subject to a programme of upgrading and refurbishment it could be restored, perhaps as part of a conversion project to provide a number of smaller residential flats, subject to all necessary consents being obtainable.
Alternatively, Planning Consent has been granted for demolition of the existing building and replacement with a pair of two or three bedroom semi-detached dwellings which will be ideal for resale into the local market-place or retention for their income producing potential.
Existing Accommodation
Commercial - Ground Floor
Main retail/trading space, staff kitchen/facilities and cloakroom/W.C.
Residential - 162A Gunville Road
First Floor
Landing, living room, kitchen, bathroom with W.C.
Second Floor
Bedroom.
Outside
Hardstanding to front. Enclosed garden to rear.
Proposed Accommodation
Ground Floor
Entrance hall, living room, kitchen, cloakroom with W.C.
First Floor
Landing, three bedrooms, bathroom/W.C.
Outside
Car parking to the front, gardens to the rear.
Council Tax Band A
Planning
Planning Permission has been granted by Isle of Wight Council under ref: 22/01312/FUL, dated 16th March 2023, for demolition of the existing premises, construction of a pair of semi-detached dwellings (revised scheme), subject to conditions.
Under Appeal ref: APP/P2114/W/21/3281838, dated 24th February 2023, Planning Consent for the new dwellings to offer three bedroom accommodation has also been granted.
A copy of the Planning Consent and accompanying documents are available to download from the Local Authority Website: iow.gov.uk. Tel: 01983 823552
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
