Riverside Boatyard, New Road, Wootton Bridge, Ryde, Isle Of Wight, PO33 4HY

Boat Yard with Two Residential Flats For Sale By Auction with Moorings - Freehold

Guide Price £350,000 to £450,000 * Buyers Premium Applies

For sale by unconditional online auction.

To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

Town & Country Property Auctions are delighted to offer For Sale by Public Auction this large freehold boat yard consisting of yard area, slip road with moorings, two lock ups and a 1 bedroom flat and two bedroom flat. The reserve is to be agreed prior to the start of the auction.

The property has two vacating tenants in the lock ups, the 1 bedroom flat is vacant and the 2 bedroom flat has a tenant paying £550 per month on a rolling AST agreement. The property is being sold as seen and in our opinion offers a very unique opportunity to either keep as an investment or redevelop the site subject to planning.

The property will be entered into our 28th November auction which is held online and starts at 10am. You must register to bid and download the legal pack.

PROPERTY FEATURES
. Creekside Boatyard
. Includes Two Flats
. Two Commercial Units
. Freehold
. 49 Day Completion
. Pontoon Moorings & Slipway
. The property is sold +VAT

Pontoon Mooring: Please note the pontoons are kept under licence from the Queens estate. 15 Year lease which is currently £1465 PA which is reviewable every 5 years. Due to the unusual nature of this property, we recommend that all details are independently checked.

The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.

Tenure
Freehold

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 2%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 49 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.