Lot 80 Four Flats And A Detached Chalet Bungalow For InvestmentAuction Date:
13th December 2023
Flats 1-4, Berry Hill, 83 Carisbrooke High Street & 79A Carisbrooke High Street, Carisbrooke, Newport, Isle Of Wight, PO30 1NT
On the instructions of the Receivers
Currently let at £47,040 per annum plus vacant flat
Situated in the shadow of St Mary’s church and a short drive from the centre of Newport, (the Island’s county town), this imposing building is arranged as four letting units as part of an income producing investment. To the rear is a detached two-bedroom chalet bungalow providing additional letting income.
The letting units are in need of a programme of upgrading and refurbishment but are considered very worthy of the improvements required.
Main Building - Ground Floor
Flat 4
Entrance hall, living room, kitchen, bedroom, inner hall, and bathroom with W.C.
Tenancy
Presently unoccupied.
Flat 1
Living room, kitchen, inner hall, two bedrooms (one with en-suite bathroom with W.C), conservatory and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy from 13th July 2023 at a current rental of £1,050 per calendar month.
First/Second Floor
Flat 2
Landing, kitchen, three bedrooms and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy from 11th July 2023 at a current rental of £850 per calendar month.
Flat 3
We have been advised that the flat comprises two- bedroom accommodation. At the time of publication the Auctioneers have been unable to internally inspect this part of the property.
The details have been provided by the seller. Interested parties should rely on their own investigations to verify the information provided.
Tenancy
Let on an Assured Shorthold Tenancy from 10th July 2023 at a current rental of £850 per calendar month.
79A Carisbrooke High Street
Chalet Bungalow - Ground Floor
Living room, kitchen/dining room and bathroom/W.C.
First Floor
Two bedrooms.
Tenancy
Let on an Assured Shorthold Tenancy from 24th February 2023 at a current rental of £1,170 per calendar month.
Tenure
Held under the terms of a mix of long leasehold and (flying) freehold titles. Further information will be available to download from the Clive Emson website.
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
