Lot 47 Two Storey Town Centre Commercial PremisesAuction Date:
18th September 2024
1 The Colonnade, Lind Street, Ryde, Isle Of Wight, PO33 2NE
Situated close to the junction of Union Street and High Street in the centre of the seaside town of Ryde, this vacant commercial premises offers accommodation over two floors. The main sales/trading area is accessed via Lind Street with a staircase to the rear providing access to further accommodation on the lower floor.
Ground Floor
Main retail/trading area and cloakroom with W.C.
Lower Floor
Further store/retail space and staff kitchen.
Tenure
Remainder of a 125-year lease, from 1st September 2017. The lot is sold with a share of the freehold.
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
