Lot 108 Three-Bedroom Three Storey House For InvestmentAuction Date:
24th July 2025
39 Clarence Road, East Cowes, Isle Of Wight, PO32 6ES
Currently let at £8,700 per annum
This property is located on Clarence Road, close to the centre of East Cowes and the river Medina with the mainland ferry links. East Cowes marina and major sailing manufacturers are a short distance away. The property comprises of three/four bedroom accommodation spread over three floors.
The property is let under the terms of an Assured Shorthold Tenancy Agreement with the rent having remained lower than market rent for some years and offering scope for improvement in the future. It is considered ideally suited for continued use as an income-producing investment and addition to a letting portfolio.
Ground Floor
Entrance hall, living room, kitchen and storage area.
First Floor
Bedroom, bathroom with W.C. and additional bedroom currently used as a study.
Second Floor
Two bedrooms.
Outside
Garden with steps leading to a higher lawned area and outside storage.
Tenure
Remainder of a 700-year lease from 29th September 1860.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement, currently on a rolling periodic tenancy, at a current rental of £725 per calendar month.
EPC Rating D
Council Tax Band B
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
