• Large detached freehold house

• Occupied subject to unknown tenancies

• Asset management and development potential (subject to consents)

• No access, therefore no viewings

• To be sold via Knight Frank Auction on 14th February

Property Description

By order of the Joint Receivers.

The property comprises a detached house of brick construction, together with a large driveway to the front and sizeable rear garden.

Knight Frank, nor the Receivers have inspected the property, but we understand it comprises 8 separate letting rooms/flats. Interested parties are advised to rely on their own enquires in relation to the accommodation.

The property is wholly or partly occupied, subject to unknown tenancies. Knight Frank, nor the receivers have seen copies of tenancy agreements and interested parties are advised to rely on their own enquiries.

The property provides various asset management opportunities, together with development potential (subject to obtaining the necessary consents).

Access has not been provided therefore no viewings will take place.

This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.

Location

Shanklin is a seaside village in the south east of the Isle of Wight. The Property is located off the A3056 and is situated c.0.3 miles east of Shanklin train station. Pangbourne village provides ample amenities and recreational facilities, and Small Hope Beach is approximately 0.5 miles away.

Occupancy

Tenanted

Tenure

Freehold

Buyers fee

The buyers fee is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details: The sale of this property will take place on the stated date by way of and is being sold as Unconditional. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.