Sold for £49,000

Partly converted studio situated close to the sea with extensive outside space including 4+ parking bays. Development potential, vacant.

Description/Location

Part of a residential block with private access to the Jurassic coastal path and direct sea views over Portland bill lighthouse to the English Chanel . Previously used as a plant room / store but described as a flat within the title and lease, freeholders consent for residential use and extension. An extension onto the outside space could create a large residential unit subject to planning. Planning has been granted to enlarge the front windows which will enhance the sea views and add a side aspect window. Work to the interior has started including fitting a kitchen and bathroom sanitary ware, requires completion prior to occupation. We refer bidders to the legal pack and a letter dated 24/03/2022 from Dorset Council confirming they have inspected the current works.

Tenure

Leasehold: 125 years from 29/09/2017.

Office Contact

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: Entrance hall, kitchen, shower room, office / studio room. Outside: Parking area suitable for several vehicles, could be garden or used to extend the existing footprint of the building.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.