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Lot - Totland Bay Stores (Premier), The Broadway, Totland Bay, Isle Of Wight, PO39 0BL

Guide Price* £120,000 +

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Property Type
Retail Property (out of town)
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Freehold two storey detached building arranged as a ground retail unit together with residential upper parts - The entire property is currently occupied on unknown terms.

Description

The property comprises a detached building arranged as a ground floor retail unit currently trading as a Premier convenience store and residential upper parts.

The entire property is currently occupied on unknown terms.

Location

Totland is a coastal village located to the western tip of the Isle of Wight and is in close proximity to Freshwater and “The Needles”. Public transport includes local bus routes and is approximately 3 miles South West of Yarmouth which provides ferry links to Lymington, Hampshire. Shopping amenities and recreation facilities can be found locally as well as along Totland Beachfront and nearby Alum Bay.

Accommodation

The property has not been internally inspected but is understood to be as follows:

Ground floor:
Retail unit

First floor:
Two bedroom flat

Note

We understand that the entire property is occupied under unknown terms, the receivers have not been provided with a copy lease, license, tenancy agreement or any other document to confirm the terms under which the property is being occupied.

Interested parties will need to make their own further enquires. If we are provided with any further information this will be uploaded to the legal pack.

The auctioneers have not been provided access to inspect or measure the property

EPC Rating

To be confirmed

VAT

Please refer to the legal pack

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £2,000 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,500 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £2,000 (inc. VAT).

Please note that Lots may be sold or withdrawn prior to auction.

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All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

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EC1A 7BL

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