Lot 97 Fifth Of An Acre Plot With Planning For A Detached Chalet BungalowAuction Date:
1st November 2023
Land on the North Side Of 211 Baring Road, Cowes, Isle Of Wight, PO31 8ER
Situated a short distance from the Solent and occupying a semi-rural location on the edge of Cowes, this freehold building plot measures 0.07 hectares (0.19 acres).
The land is offered with the benefit of Planning Consent for the construction of a detached chalet bungalow, an impression of which is visible in the illustrative Computer- Generated Imagery shown.
Planning
A Planning Application to the Isle of Wight Council under ref: 20/02026/FUL was approved, under Appeal Ref: APP/P2114/W/21/3278577, dated 13th June 2022, for six detached dwellings, formation of vehicular accesses, parking and landscaping at the land to the North of Greenacres (formerly Baring Road, Cowes, Isle of Wight, PO31 8ER) in accordance with the term of Application Ref: 2014/02026/FUL, dated 18th November 2020, subject to conditions set out in the schedule to this decision.
Auctioneer’s Note
A formal Mortgage Valuation report, prepared in August 2023 indicates a site value of £235,000 and an estimated value of £700,000 for the newly completed bungalow. A copy of the report will be available to download from the Clive Emson website.
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
