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Investment for sale in Shanklin

Chine Inn, Chine Hill, Shanklin, Isle Of Wight
For sale
£450,000
AUCTION PROPERTY
clive-emson-auctioneers
This property is marketed by:
Clive Emson Auctioneers
The famous Chine Inn enjoys a splendid elevated location overlooking Shanklin Chine, with the seafront and English Channel beyond. The extensive public house on the ground floor would appear ideal for the addition of a food offering and indeed, a former commercial kitchen exists to the rear of the building which we understand has not been in use for some time. A mix of internal and external seating areas offer scope and potential as a real tourist magnet, with the building occupying a position on the edge of the coastal path. On the first floor there is extensive owner/staff accommodation, which has undergone a partial upgrade and refurbishment but these works require completion.

Ground Floor
Traditional public house layout, with main bar and several distinct areas of seating, beer store and former commercial kitchen (not used in recent years).

Mezzanine Level
Ladies' and gents' customer toilets.

First Floor
Owner/staff accommodation with living room and kitchen. A programme of upgrading and refurbishment has partially been completed and there is flexibility as to the way the remainder of the accommodation may be laid out by the new owner.

Outside
Terraced seating area and further store to the rear.

Auctioneer's Note
The photographs provided are library shots supplied by the Joint Auctioneer.

EPC Rating
C (60). Floor area 285 sq.m.

Council Tax Band Deleted

Commercial 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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