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Lot 118 Town Centre Flat For Improvement With ParkingAuction Date:
24th July 2024
Flat 1, King Charles Court, Grove Road, Ventnor, Isle Of Wight, PO38 1TH
Originally constructed as King Charles I Hotel and situated in the very heart of Ventnor’s popular town centre, with its range of location amenities including bars and restaurants and a short walk from the beach, the building was converted into apartments some years ago. Flat 1 has the benefit of a top floor location in the building which is serviced by a lift.
The flat requires a programme of upgrading and refurbishment and is considered very worthy of the improvements required beyond which it is considered ideal for owner occupation. Subject to improvements to the current EPC rating the flat could also perhaps be added to a letting portfolio.
Accommodation
Entrance hall, living/dining room, kitchen, utility area, cloakroom with W.C, double bedroom and bathroom/W.C.
Outside
Communal gardens to the rear. Allocated parking space to front.
Council Tax Band A
Tenure
Held under the terms of a 100-year lease from 31st July 1992 at an initial ground rent of £50 per annum rising to £200 through the term.
Leasehold with Vacant Possession and Share of the Freehold
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
