The Pod 17 Espionage Place, South Way, Southwell Business Park, Portland, Dorset, DT5 2FF
- PROPERTY TYPE
Flat
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Guide Price £25,000 to £50,000 * 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 and Country Auctions are delighted to offer for sale by public auction this superb and unique development opportunity. An incredible Investment Opportunity for a minimum outlay. 17 Espionage is located on the cliff top with breathtaking sea views overlooking Portland Bill Lighthouse. Steeped in maritime history the building was at the centre of the MI5 Spy Ring during the cold war.
Planning has been granted to extend the property to create a stunning state of the art apartment. With build costs at circa £50,000 and a GDV of circa £180,000 this fantastic development opportunity could return a tremendous profit. Once converted climbing, mountain biking and walking enthusiasts would willing pay £1,000 per week to stay at this iconic location as an Air B&B. As there is parking conveyed with this flat for 10 or so cars this would also make a perfect shipping container site with great income potential.
Existing dimensions 5.03m x 3.25m. Includes kitchen area, studio and shower room.
Planning permission was granted in March 2023 for conversion & extension and can be viewed at
Application Number: P/FUL/2023/00374. The current owner will release all surveys, building quotes and architects drawings to the successful bidder on completion. The property will be entered into our 10th September auction which is held online and starts at 10am. You must register to bid and download the legal pack.
Property Features
. Stunning cliff top location with far reaching views out to Portland Bill
. One bedroom
. Large living/working space
. Long lease approx. 122 years remaining
. Service Charge £438.23 PA
. Planning permission granted in March 2023 for conversion & extension and can be viewed at
. Application Number: P/FUL/2023/00374
. The current owner will release all surveys, building quotes and architects drawings to the successful bidder on completion.
. Stunning cliff top location with far reaching views out to Portland Bill
. Parking For Up To 6 Cars
. Long lease approx. 122 years remaining
. Annual Ground Rent: £200
. Cash Buyers Only
. 28 Day Completion
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
Leasehold
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a £5,000 or 5% deposit and a 2%+VAT (subject to a minimum of £6,000+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 28 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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
The Pod 17 Espionage Place, South Way, Southwell Business Park, Portland, Dorset, DT5 2FF
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Visit our security centre to find out moreDisclaimer - Property reference 306389. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Town & Country Property Auctions, Bournemouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country Property Auctions, Bournemouth on 01202 125862.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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