Development Site for sale in Lake

AUCTION PROPERTY This freehold semi-detached house is situated in the settlement of Lake, which is sited on the east coast of the Island between the larger towns of Sandown and Shanklin. Lake enjoys the benefit of a railway station on the Island Line.

Situated in a residential street, a previous owner has begun the process of adding an extension to the rear of the building, though these works are far from complete. The house requires a programme of upgrading and refurbishment throughout but is considered very worthy of the improvement works required.

Ground Floor
Living room, dining room and former kitchen.

First Floor
Kitchen, living room, bedroom and bathroom with W.C.

Auctioneer's Note
The first floor accommodation has been altered and arranged to suit the previous occupier's requirements but is considered ideal for reversion to provide three bedrooms and a bathroom, subject to the new owner's requirements.

Outside
Small garden to the front. Enclosed garden to the rear.

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

EPC Rating
To be confirmed.

Council Tax Band C

Freehold with Vacant Possession

Residential EPC: TBC

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/