Lot 27 Three Storey Five-bedroom House For ImprovementAuction Date:
15th June 2023
20 Drake Road, Newport, Isle Of Wight, PO30 1EQ
This mid-terrace building is situated close to the centre of Newport, the Island’s County town, with shopping and amenities including the bus station a short distance away.
It is believed that the property may once have traded as a guest house but sadly the building is now in a poor state of repair and requires a programme of upgrading and refurbishment to be restored to its former glory.
Once improvement works have been completed it is considered that the building will be ideal for use by an owner occupier, as a letting investment, or perhaps for use as an income producing HMO, subject to all necessary consents being obtainable.
Ground Floor
Entrance hall, living room, dining room, kitchen, bathroom with W.C and rear lobby.
First Floor
Landing, three bedrooms, shower room with W.C, Cloakroom with W.C.
Second Floor
Two bedrooms.
Outside
Garden to the front and courtyard style garden to the rear.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Web: iow.gov.uk.
Tenure
Held under the terms of a 1000-year lease from 24th December 1855.
Council Tax Band B
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
