B & C, High Street, Ryde, Isle Of Wight, PO33

A residential investment in central Ryde. Comprising a vacant 3 bed terrace house requiring modernisation, 8 lock-up garages, two 2 bedroom maisonettes, studio flat and two external storerooms. Providing the opportunity to sub-divide or re-develop (STPP). For sale as a single lot, suitable for cash buyers.

Auction date    To be sold by online auction on Wednesday 31st January 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view    Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration    All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Location    * Ryde town centre * Close to local amenities and seafront * Rail link from Ryde St. Johns Road * Ferry and hovercraft links to mainland

Description    * Terraced house * 2 x two bed maisonettes * Studio flat, 8 lock up garages, 2 external stores with potential for conversion (STPP)

Accommodation    Comprises:

131A    Entrance hall, living room, kitchen/diner, bed 3/study, stairs to first floor, 2 bedrooms, bathroom.

131B    Stairs to first floor, hallway, living room, kitchen, 2 bedrooms, external decking area.

131C    Stairs to: hallway, living room, kitchen, 2 bedrooms, bathroom, external garden area

Outside    Access via passageway from High Street, situated between 131 and 132 , courtyard laid to hardstanding, 8 lock-up garages, two external store rooms.

EPC rating    131a - C. Flat 131b - E. Flat 131c - C

Tenure    Leasehold, partially vacant remainder sold subject to existing tenancies. Lease 860 years from 6th April 1883, approximately 720 years remaining.

Tenancies    131b subject to AST from 1st July 2023 at £650 pcm.
131c subject to AST from 21st November 2022 at £650 pcm. Please see legal pack for further details

Ground rent and service charge    Please see legal pack for further details.

Council tax band    Flat 131a B, Flat 131b A, Flat 131c B - Isle of Wight

Legal pack    For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

Guide prices    Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees    A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Please note    All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty's Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.

Pre-auction offers    These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the "Terms & Conditions - Unconditional Auction".


End Lease Date: 02/01/2744