This block of three two-bedroom and one three-bedroom self-contained apartments is situated one road back from the seafront at Cowes, with the upper flats enjoying stunning views over the western end of the Solent and towards Southampton. All of the flats are at present vacant, having previously been in use a an income-producing letting investment, and while all of the flats are in need of a programme of upgrading and refurbishment they are considered very worthy of the works required.
Once these improvement works have been undertaken it is considered that the block would be ideal for continued use as an income-producing letting investment or, alternatively, perhaps for resale of the flats on an individual basis into the local marketplace.
The block enjoys the further benefit of enclosed car parking to the rear.
Accommodation Flats 2, 3 and 4 have living accommodation comprising: Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C. Flats 2, 3 and 4 have the benefit of balconies overlooking the Solent. Flat 1 has the benefit of an additional bedroom.
Outside The ground floor has a small enclosed garden, beyond which is a car parking area.
Each Flat Council Tax Band A
Each Flat EPC Rating C
Freehold with Vacant Possession
Residential 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/
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