Lot 29 Freehold Town Centre InvestmentAuction Date:
1st May 2024
Teddys, Avenue Road, Freshwater, Isle Of Wight, PO40 9UR
This town centre property is situated in the very heart of Freshwater at the western end of Isle of Wight, close to the Needles. The ground floor commercial unit is offered vacant with scope for future use by an owner occupier or addition to an income-producing portfolio. In addition, a first floor flat sold on a long lease is included in the freehold title and, to the rear there is a garage, workshop and forecourt area also included and sold under the terms of a long lease.
Ground Floor
Commercial Unit
Main retail area, storeroom, small staff kitchen/amenities area and staff cloakroom/ W.C.
Garage, Workshop & Forecourt
Tenure
Sold on a 999-year lease from 29th September 1996.
First Floor Flat - Cuckoo’s Nest
Tenure
Sold on a 999-year lease from 29th September 1996.
There is an addendum available to be read
in conjunction with the legal documentation.
Further Information
Rob Marchant/Mike Marchant
on 01489 564606
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Legal Documents
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- Special Conditions
- Office Copy Entries
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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
