Lot 109 Landmark Town Centre Former Restaurant With Living AccommodationAuction Date:
12th June 2024
59 High Street, Shanklin, Isle Of Wight, PO37 6JJ
This freehold building is something of a landmark in Shanklin High Street and is situated a short distance from Shanklin Theatre.
For many years the property operated as a high quality tea room and in recent times has transitioned into a restaurant, with main trading area accessed from the High Street, supported by kitchens and ancillary space on the lower ground floor.
The first floor offers extensive living accommodation for an owner occupier or manager, with large enclosed garden to the rear.
Lower Ground Floor
Kitchen and store rooms.
Ground Floor
Main restaurant and bar area.
First Floor
Ladies and gents customer cloakrooms with W.C.s. The residential element comprising a living room, kitchen, three bedrooms and shower room with W.C.
Outside
Enclosed gardens to the rear in need of cultivation.
Council Tax Band A (Residential)
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
