This attractive building is situated in the centre of Yarmouth, a popular residential location at the western end of the Isle of Wight and home to the Wightlink car ferry terminal between the Isle of Wight and Lymington which results in a significant tourist footfall.
The majority of Eremue Court is residential accommodation but the ground floor corner unit comprises a retail shop which has traded very successfully in recent years as a fudge manufacturer and retailer.
The commercial unit is held under the terms of a long leasehold but includes a share in the freehold for the building.
Ground Floor Main sales/retail area, store and staff cloakroom with W.C.
Tenancy Held under the terms of a commercial lease expiring 25th March 2028 at a current rental of 7,000 per annum.
Tenure Remainder of a 189-year lease from 12th August 1966.
Auctioneer's Note We are advised the freehold of the building is held by the long lessees with the share of freehold transferrable on completion.
EPC Rating To be confirmed.
Viewing External only.
Commercial EPC: TBC
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/
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