This delightful ground floor studio apartment is the perfect addition to any existing letting profile or the stepping stone to enter the world of buy to let. Currently rented on a short hold tenancy with a gross rental yield of £6600 per annum. The property comes with everything you need to continue to rent the property out. The current owner refurbished the property in 2023 prior to the current tenancy commencing and also extended the lease to 125 years.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including vat, subject to a minimum of £6,000.00 including vat. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.Buyers will be required to go through an identification verification process with iambuses and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.The buyer will also make payment of £300.00 including vat towards the preparation cost of the pack, where it has been provided by iamsold.The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral ArrangementsThe Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consiDer your options before services are accepted.Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed Of any referral arrangement and payment prior to any services being taken by you.Room sizes:Entrance HallLiving Room: 14'7 x 12'2 (4.45m x 3.71m)Kitchen: 8'6 x 6'0 (2.59m x 1.83m)BathroomCommunal Gardens AUCTIONEER'S COMMENTSThis property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. The seller can instruct iamsold to agree a sale without a bidding process taking place or prior to a closing date. No further bids can be accepted after a buyer has paid a Reservation FeeREFERRAL ARRANGEMENTSPittis and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.Where services are accepted the Auctioneer or Pittis may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. TO VIEW OR MAKE A BID - Contact Pittis The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Pittis, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you. For more details and to contact: https://realtyww.info/flats_shanklin-d196473/for-sale_i70729790
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This delightful ground floor studio apartment is the perfect addition to any existing letting profile or the stepping stone to enter the world of buy to let. Currently rented on a short hold tenancy with a gross rental yield of £6600 per annum. The property comes with everything you need to continue to rent the property out. The current owner refurbished the property in 2023 prior to the current tenancy commencing and also extended the lease to 125 years.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including vat, subject to a minimum of £6,000.00 including vat. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.Buyers will be required to go through an identification verification process with iambuses and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.The buyer will also make payment of £300.00 including vat towards the preparation cost of the pack, where it has been provided by iamsold.The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral ArrangementsThe Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consiDer your options before services are accepted.Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed Of any referral arrangement and payment prior to any services being taken by you.Room sizes:Entrance HallLiving Room: 14'7 x 12'2 (4.45m x 3.71m)Kitchen: 8'6 x 6'0 (2.59m x 1.83m)BathroomCommunal Gardens AUCTIONEER'S COMMENTSThis property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. The seller can instruct iamsold to agree a sale without a bidding process taking place or prior to a closing date. No further bids can be accepted after a buyer has paid a Reservation FeeREFERRAL ARRANGEMENTSPittis and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.Where services are accepted the Auctioneer or Pittis may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. TO VIEW OR MAKE A BID - Contact Pittis The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Pittis, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you. For more details and to contact: https://realtyww.info/flats_shanklin-d196473/for-sale_i70645603
This modern, purpose built flat is located in a quiet cul-de-sac close to local amenities and transport by bus and train. The building is only 10 years old so is very well maintained and this flat comes complete with an allocated parking space. Set on the top floor (2nd floor) the accommodation comprises of an open plan lounge and kitchen area, one double bedroom and the bathroom. The flat is fully double glazed and has modern electric heating and an excellent 'A RATED' energy efficiency rating. A large supermarket is close by and the town centre and sandy beach in Shanklin are within easy walking distance. This would make an ideal purchase for first time buyers or even rental investors.LEASEHOLD: 116 years remainingCOUNCIL TAX BAND: AMGMT FEES: £500paGROUND RENT: £100pa For more details and to contact: https://realtyww.info/flats_shanklin-d196473/for-sale_i70403347
Location location location! Is the most important thing when buying a home and can make or break a sale.Thats why we know you will be sold once you have seen the views from this beach front apartment on Shanklin's popular seafront taking in the esplanade. You can soak up the sights and sounds as you step onto the beach for a dip from your own front door or enjoy an ice cream while soaking up the golden sun. This second floor apartment would make an ideal base to explore the island or equally a lovely permanent home for anyone wanting a view to admire.Room sizes:Entrance HallwayLounge: 19'1 x 11'7 (5.82m x 3.53m)Kitchen: 10'8 x 7'11 (3.25m x 2.41m)Bedroom 1: 11'11 x 10'0 (3.63m x 3.05m)Bedroom 2: 10'8 x 7'8 (3.25m x 2.34m)BathroomBalconySecure Undercover Parking Area The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Pittis, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you. For more details and to contact: https://realtyww.info/flats_shanklin-d196473/for-sale_i71814802
SECURING THIS PROPERTY WITH A LIFETIME LEASEOVER 60s can secure this property with a HOME FOR LIFE from HOMEWISEThrough the Home for Life Plan from Homewise, those AGED 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost to purchase the Lifetime Lease is always less than the full market value. OVER 60s customers typically save between from 20% to 50%*.Home for Life Plan guide price for OVERS 60s: The Lifetime Lease price for this property is £248,000 based on an average saving of 33%.Market Value Price: £375,000The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard. The plan allows customers to purchase a share of the property value (UP TO 50%) to safeguard for the future.For an indication of what you could save, please use our CALCULATOR on the HOMEWISE website.Please CALL for more information or a PERSONALISED QUOTE.Please note: Homewise DO NOT own this property and it is not exclusively for sale for the over-60s.It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.If you are not OVER 60 or would like to purchase the property at the full market value of £375,000, please contact the estate agent Pittis.PROPERTY DESCRIPTIONAn incredibly rare opportunity has arisen to purchase a ground floor apartment in one of Shanklin's most prestigious apartment blocks. The Reach is a landmark architecturally designed building overlooking The Bay area of Shanklin and Sandown with views across the sea towards Culver Cliffs. The high specification interior features a stunning open plan glass fronted lounge/dining area with separate luxury kitchen with integrated appliances. There are plenty of bedrooms able to accommodate the whole family as well as guests enjoying a relaxing stay by the sea. A short walk to the Old Village and Rylestone Gardens, the apartment is located close to all the amenities within the bay area and is a short walk to the Chine and beach. The apartment has its own private terrace leading out from the lounge and lovely communal gardens. This is a perfect lock up and leave holiday home or sumptuous permanent home which really does have the WOW factor. Please refer to the footnote regarding the services and appliances.Room sizes:Entrance HallLounge/Dining Area: 18'7 x 17'8 (5.67m x 5.39m)Kitchen: 10'6 x 8'10 (3.20m x 2.69m)Bedroom 1: 19'10 x 9'11 (6.05m x 3.02m)En Suite Shower RoomBedroom 2: 18'0 x 10'5 (5.49m x 3.18m)Bedroom 3: 14'0 x 10'0 (4.27m x 3.05m)BathroomPrivate Undercover TerraceCommunal GardensUndercover Parking SpaceOutside Store Cupboard The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Homewise, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you. Suitable as a retirement home. For more details and to contact: https://realtyww.info/flats_shanklin-d196473/for-sale_i69933099
An incredibly rare opportunity has arisen to purchase a ground floor apartment in one of Shanklin's most prestigious apartment blocks. The Reach is a landmark architecturally designed building overlooking The Bay area of Shanklin and Sandown with views across the sea towards Culver Cliffs. The high specification interior features a stunning open plan glass fronted lounge/dining area with separate luxury kitchen with integrated appliances. There are plenty of bedrooms able to accommodate the whole family as well as guests enjoying a relaxing stay by the sea. A short walk to the Old Village and Rylestone Gardens, the apartment is located close to all the amenities within the bay area and is a short walk to the Chine and beach. The apartment has its own private terrace leading out from the lounge and lovely communal gardens. This is a perfect lock up and leave holiday home or sumptuous permanent home which really does have the WOW factor. Please refer to the footnote regarding the services and appliances.Room sizes:Entrance HallLounge/Dining Area: 18'7 x 17'8 (5.67m x 5.39m)Kitchen: 10'6 x 8'10 (3.20m x 2.69m)Bedroom 1: 19'10 x 9'11 (6.05m x 3.02m)En Suite Shower RoomBedroom 2: 18'0 x 10'5 (5.49m x 3.18m)Bedroom 3: 14'0 x 10'0 (4.27m x 3.05m)BathroomPrivate Undercover TerraceCommunal GardensUndercover Parking SpaceOutside Store Cupboard The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Pittis, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you. For more details and to contact: https://realtyww.info/flats_shanklin-d196473/for-sale_i70181360
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