Lot 17 Two-bedroom Lower Ground Floor Flat Flat For Improvement With Garden And ParkingAuction Date:
1st November 2023
Flat 1, 46 Queens Road, Ryde, Isle Of Wight, PO33 3BQ
Occupying the lower floor of this three storey semi-detached building, the flat is situated a short distance from the centre of Ryde with its shopping and other amenities, including ferry and Hovercraft connections to the mainland. The flat has the benefit of tandem (end-to-end) parking spaces to the front of the building, while to the rear there is a private garden area allocated to Flat 1.
The flat requires some upgrading and refurbishment but is considered very worthy of the improvements required, beyond which it is considered ideal for use by an owner occupier or for addition to an income-producing letting portfolio.
Accommodation
Entrance hall, living room, kitchen, bathroom with W.C., and two bedrooms.
Outside
Tandem parking to front, south-facing garden to rear.
Tenure
Each flat owns a one-third share in the freehold title. The flat is held under the terms of a 125-year lease from 25th March 1985 at an initial ground rent of £20 per annum, rising incrementally to £60 per annum through the term.
Council Tax Band A
Leasehold 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
