Investment for sale in Freshwater

AUCTION PROPERTY This freehold detached building is situated in the town centre at Freshwater at the western end of the Isle of Wight, a short distance from The Needles and from the car ferry connection between Yarmouth and Lymington.



The building has for many years been in use as an income-producing investment with the Freshwater Heritage Group having occupied the ground floor as an information and museum space. On the first floor is a two-bedroom flat which is self-contained, enjoying its own services which has been let residentially for a number of years producing a very worthwhile income.

The building is now offered with vacant possession with the first floor flat empty and the ground floor commercial tenants are in the process of relocating during the auction marketing campaign with the property vacant by the time of the auction. It is considered that the property would make a very worthy addition to an income-producing letting portfolio.

Ground Floor
Main shop/retail space to the front with further office and workshop space to the rear, staff cloakroom with W.C. and access to the rear courtyard.
EPC Rating
C (67). Total Floor Area 93 sq.m.

First Floor - Residential Flat
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.

EPC Rating D

Council Tax Band A

Outside
Small courtyard garden with staircase leading to the first floor self-contained flat.

Residential EPC: D

Commercial EPC: C

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 the 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 www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*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 www.cliveemson.co.uk/buyers-fees/