Studio for sale

Flat 4, 59 Newport Road, Lake, Isle Of Wight PO36

Situated in the popular settlement of Lake, between the larger towns of Sandown and Shanklin, this leasehold two-bedroom first floor flat is let and producing a healthy income and is considered ideal for addition to a lettings portfolio.

Accommodation
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.

Outside
Communal gardens and parking.

Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £850 per calendar month.

Tenure
Let under the terms of a 999-year lease from 1st November 1974. Further details will be included in the legal documentation, available to download from the Clive Emson website. A share of the freehold is also included in the sale.

EPC Rating C

Council Tax Band A
Residential EPC: C
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 , or contact us on , 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