Lot 83 Freehold Block Of 19 GaragesAuction Date:
7th February 2024
Garages Rear Of 31 Whitepit Lane, Newport, Isle Of Wight, PO30 1LX
Currently let at £9,120 per annum
This freehold block of 19 lock-up garages is situated a short drive from Newport town centre and is approached via Mount Joy, off Whitepit Lane. The site measures 0.05 hectares (0.13 acres).
The garages are laid out in two rows with a large turning area between. They are of brick construction with corrugated roofs and up-and-over doors and are considered ideal for use by an owner occupier or as an investment opportunity.
There are 19 garages in total though two are sold on long leasehold interests to the adjoining flats. We are informed by the managing agents that garage 16 is currently vacant and it is believed that the remainder may be let. Further information in relation to occupancy will be included in the legal documentation available to download from the Clive Emson website.
Viewings
On site during daylight hours.
Auctioneer’s Note
At time of publication we have not internally inspected all of the garages. Interested applicants are advised to rely on their own investigations to verify the information provided.
Freehold with Part 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
