Lot 6 Two-bedroom Flat For Investment Or OccupationAuction Date:
12th June 2024
Apartment 28, Riviera Park Apartments, Shore Road, Bonchurch, Ventnor, Isle Of Wight, PO38 1RH
Potential rental income £10,200 per annum
Key Features
This first floor apartment is located in a purpose built block just off Shore Road, Bonchurch. It is close to the seafront and a short distance to Ventnor with its many local shops, pubs, restaurants and other amenities, with the rest of the Island beyond.
The apartment is very well presented, (having recently been renovated), and offers two-bedroom accommodation with modern bathroom and kitchen and a neutral colour scheme throughout. It is considered ideal for owner occupation, addition to an income-producing letting portfolio, holiday let or weekend retreat.
Accommodation
Entrance hall, two bedrooms, bathroom, open plan kitchen/living room and balcony.
Outside
Allocated parking space.
Council Tax Band A
Tenure
A 250-year lease will be granted on completion with no annual ground rent. Other service charge information will be included in the legal documentation available to download from the Clive Emson website.
Leasehold 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
