Investment for sale in Sandown

AUCTION PROPERTY Braemar was originally constructed as accommodation for high ranking military Officers. It later became a hotel before being converted to form six large self-contained rental apartments, producing investment income. In recent years, the building has suffered from some structural movement, particularly to the front bay window area, though it is considered that the building is very worthy of the repairs required to continue its use as an income producing investment.

Alternatively, Braemar is situated on a plot measuring 0.132 hectares (0.327 acres) which offers excellent potential for site redevelopment, subject to all necessary consents being obtainable. Indeed, several other neighbouring properties on the Broadway have also been redeveloped in recent years. In addition to the six apartments, Braemar also enjoys the benefit of off-road car parking at the front for 7 vehicles, whilst to the rear, there is a large garden which has been informally sub-divided to provide each of the apartments its own garden space.

Flat 1
Ground Floor
Entrance hall, living room and kitchen.
First Floor
Three bedrooms and bathroom with W.C.
Council Tax Band C
EPC Rating D

Flat 1A
Ground Floor
Living room, kitchen and cloakroom with W.C.
First Floor
Landing, two bedrooms and bathroom with W.C.
Council Tax Band B
EPC Rating D

Flat 2
Ground Floor
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Council Tax Band A
EPC Rating C

Flat 3
First Floor
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Council Tax Band A
EPC Rating D

Lower Floor Flat
Entrance hall, living room/kitchen, two bedrooms and en-suite bathroom with W.C.
Council Tax Band B
EPC Rating D

Upper Floor Flat
First Floor
Entrance hall, living room, kitchen/dining room, bathroom with W.C (accessed from either living room or bedroom one) and bedroom two with en-suite bathroom/W.C.
Council Tax Band B
EPC Rating D

Outside
Car parking to the front and gardens to the rear.

Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.

Freehold with Vacant Possession

Residential EPC: D

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/