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Lot 2 Sold: £189,000

3 Anzac Cottages, St Mary’s Road, Cowes, Isle of Wight PO31 7SP

  • Photo1

Lot 2   Click here for addendum

Freehold 3 Bed House let on an AST
In the same ownership for over 20 years
6 Week Completion

Situation

Close to the junction with Victoria Road in this residential area located within walking distance of Cowes town centre and Harbour.
Cowes is located on the A3020 and is one of the main seaside towns on the north coast of the Isle of Wight which runs regular ferry services to Portsmouth.

Property

A mid-terrace building comprising a 3 Bed House planned on ground and first floors, with a rear Courtyard and gas central heating.

Accommodation¹

Ground Floor
Living Room, Dining Room, Kitchen, Bathroom/WC
First Floor
3 Bedrooms

GIA Approx. 1,033 sq ft plus Rear Courtyard

¹Not inspected internally by Barnett Ross. Area taken from EPC.

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on an AST to 2 individuals for a term of 1 year from 1st June 2017 (holding over) at a current rent of £8,400 per annum exclusive.

Note 1: There is a £675 Rent Deposit held.

Note 2: 4 Anzac Cottages sold for £214,000 in June 2018 and 126 St. Mary's Road (diagonally opposite) sold for £240,000 in September 2020 (source: www.zoopla.co.uk).

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

JOINT AUCTIONEER:
Athawes, Son & Co
Tel: 020 8992 0056   Ref: Mark Stevens
mark@athawes.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.