2 bed detached house for sale

St. Margarets, Lowtherville Road, Ventnor PO38

Mews Cottage is situated in the town centre at Ventnor but in a secluded position to the rear of buildings on the High Street. The cottage is in a very poor state of repair and requires significant upgrading and refurbishment but is considered very worthy of the improvements required.

Once Mews Cottage has been restored it is considered ideal for use as a weekend retreat or holiday home, perhaps on a commercial holiday letting basis. The property may also, of course, suit owner occupation to suit the new owner's requirements.

In addition to the cottage, which is held under the terms of a 1000-year lease, the Lot comes with an additional parcel of freehold land situated above the cottage to the rear. While not easily accessed, the land can be reached via a pull down ladder from the cottage. The land is tiered and provides scope and potential for additional garden space with a splendid view over the Victorian town centre, subject to all the necessary consents being obtainable.

Ground Floor
Entrance lobby, living/dining room, kitchen, shower room with W.C., bedroom.

First Floor
Large landing and bedroom.

Outside
Courtyard garden to front and land with scope and potential to the rear.

EPC Rating G

Council Tax Band A

Local Planning Authority
Isle of Wight. Tel: Website:

Auctioneer's Note
Photographs showing the land to the rear in a less overgrown state than is the case at present are available to download with the legal documents (under Other Documentation), available to download from the Clive Emson Auctioneers website.

Tenure
The lot is held under two Land Registry Titles, Mews Cottage is held under the terms of a long lease for a term of 1,000 years from 24th December 1871 at a ground rent of £25 per annum. The land above and to the rear of the cottage is held on a Freehold Title and is sold Freehold with Vacant Possession.

Residential EPC: G
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