Lot 160 Three-quarter Acre Former Council Depot Site With Planning For Five HousesAuction Date:
12th June 2024
Works Depot, Victoria Crescent, Ryde, Isle Of Wight, PO33 1DG
Situated in a residential area a short distance from the centre of Ryde, this former Council Works Depot occupies a plot of 0.31 hectares (0.76 acres).
The site enjoys a vehicular access from Victoria Crescent with a narrower access point at the southern end of the site onto Little Preston Road. The land is offered with the benefit of Planning Consent for the construction of five new dwellings, although prospective purchasers may wish to consider alternative schemes, subject to all necessary consents being obtainable.
Auctioneer's Note
The site is sold subject to the terms of an Overage Deed, dated 29th April 2016, for a term of 20 years in favour of the Isle of Wight Council, should more than one new dwelling be constructed. A copy of the Deed of Overage will be available to download from the Clive Emson website.
Auctioneer's Note 2
The electricity substation on site is excluded from the sale.
Planning
Planning Permission has been granted by Isle of Wight Council under ref: 22/01030/FUL, dated 6th November 2023, for demolition of existing depot buildings, construction of 5 no. new dwellings, subject to conditions.
A copy of the Planning Consent and accompanying documents may be downloaded from the Local Planning Authority website, iow.gov.uk. Tel: 01983 823552.
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
