This attractive lock-up shop unit is situated close to the cross roads of George Street and Cross Street. Now sold due to retirement, the shop has traded for many years as a wedding dress supplier with a substantial workshop on the lower floor. We are advised that the lower ground floor was in the distant past used as residential accommodation and this part of the building enjoys pedestrian access via steps from the rear of the building.
The lower ground floor offers scope and potential for conversion back into residential accommodation subject to all required consents being obtainable. The building is held under the terms of a 950-year lease which includes the long leasehold interest in the residential flat on the upper floors which has been sold off under the terms of a long leasehold arrangement.
Commercial Ground Floor Main sales/trading area, rear store and fitting rooms, inner hall leading to staircase to the lower ground floor
Lower Ground Floor Two workshops/workroom areas, kitchen and cloakroom with W.C.
Outside Small courtyard to the rear with steps leading to the rear of the building.
EPC Rating E (111). Total Floor Area 100 sq.m.
13 Cross Street (Residential Flat) Tenure Sold under the terms of a 950-year lease (less 10 days) from 25th March 1854.
Local Planning Authority Isle of Wight Council. Website: iow.gov.uk. Tel: 01983 823552.
Tenure Remainder of a 950-year lease from 25th March 1854.
Commercial EPC: E
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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