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Former HSBC Bank, 1 Clarence Buildings, Avenue Road, Freshwater, PO40 9UY

Lot no: 29.0 Sold at Auction for £130,000
 

Guide Price £95,000 plus fees


Thursday 10th July 2014

12.00am
Key Features
Situated on the main shopping parade in Freshwater approximately two miles from the port of Yarmouth is this attractive freehold period building comprising the former HSBC bank with office and flat above.
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Sold at Auction for £130,000

Commercial

Property Description

FOR SALE BY AUCTION: THURSDAY 10TH JULY

AT IPRO STADIUM, DERBY

COMMENCING AT 11.30 AM

Situated on the main shopping parade in Freshwater approximately two miles from the port of Yarmouth is this attractive freehold period building comprising the former HSBC bank with office and flat above.  The property lends itself for conversion (subject to consent) to three apartments or a retail unit and two apartments above.  The property has off-street parking to the rear and is offered for sale freehold with vacant possession.

The accommodation comprises

Ground Floor

Former Banking Hall

Two Offices

Storage Room

Strong Room

First Floor

Large Office

Separate Storage Room

Kitchen

Gents/Ladies wc's

Second Floor

Self-contained two bedroomed flat comprising

Hall

Lounge

Two Bedrooms

Kitchen

Bathroom

Outside

There is off street parking to the rear.

Directions

From the port at Yarmouth take the A3054 towards Freshwater.  On entering Freshwater along Colwell Road turn left onto the A3055 called The Avenue.  Proceed into the centre of the town where the road becomes Avenue Road and the property will be found on the right hand side identified by our for sale by auction board.

Vendors Solicitors/Licensed Conveyancers

Simpson Jones, 41 St. Mary's Gate, Derby  DE1 3JX – telephone 01332-200200

Tenure

Freehold. Vacant possession on completion.

Note

To comply with the Estate Agents Act 1979, interested buyers/purchasers are informed that the vendor is an associated company of Graham Penny Auctions Ltd.

Conditions Of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not.  Any questions relating to them must be raised prior to 11.30 am.  Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Note

Prospective purchasers will need to register within the auction room before the sale commences.  Two items of identity will be required together with an indication of how a contractual deposit will be paid.  We do not take cash deposits.

The sale of each lot is subject to a buyers contract handling fee of £750 (inc VAT) payable on the fall of the hammer.

FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE

WWW.GRAHAMPENNY.COM

Feature 1

Freehold, three storey period building circa 1,400 sq ft

Feature 2

Located on prime shopping parade

Feature 3

Potential for conversion into three apartments

Feature 4

Off-street parking, vacant possession

Feature 5

EPC Rating : F

Tenure: