*Guide | £250,000+ (plus fees)
- Commercial Property
- Tenure: Leasehold. The property is held on a 955 year lease from 11th November 1904 (thus approximately 834 years unexpired).
Call the team on 020 7625 9007 for more information
A Vacant Derelict Mixed Use Corner Building Arranged to Provide Four Ground Floor Shops and an Office with Residential Units on the Upper Floors. Offered With Planning Permission for a Side Extension to Convert the Property into Seven Flats
The property comprises a derelict mixed use corner building arranged to provide four ground floor shops and an office with residential units on the upper floors. The property requires a program of refurbishment.
Tenure
Leasehold. The property is held on a 955 year lease from 11th November 1904 (thus approximately 834 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Sandown Beach are within easy reach. Transport links are provided by Sandown rail station.
Accommodation
Ground Floor 4 x Commercial Units Office First and Second Floors Residential Units
Planning
Isle of Wight Borough Council granted the following planning permission (ref: 24/00762/FUL) on 29th May 2024 : 'Partial demolition of side extension; Proposed conversion, alterations and side extension to form 7 flats'.
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
