Lot 89 Garden Flat For Investment Or OccupationAuction Date:
24th July 2024
44A Spencer Road, Ryde, Isle Of Wight, PO33 3AD
Occupying the lower floor of this splendid Victorian building, this three-bedroom flat requires a programme of upgrading and refurbishment but is considered very worthy of the improvements required. Once completed it is considered the flat will be ideally suited to owner occupation or addition to a traditional income-producing letting portfolio or use as a weekend retreat/holiday home by an owner occupier or on a commercial basis.
The building occupies a prime spot on the corner of Spencer Road and Augusta Road, the latter being a private road with direct access to the beach and the Solent beyond.
Accommodation
Entrance hall, living room, kitchen, shower room with W.C and three bedrooms.
Outside
Private garden.
Council Tax Band C
Tenure
Remainder of a 990-year lease from 8th June 1972.
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
