Sold for £120,000

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Landmark seafront estate 1.15 acres comprising Grade II listed Georgian Manor with 17 bedrooms, 2 cottages arranged as 4 self contained apartments (subject to necessary consents) plus outbuilding (12,558 sq ft combined). The buildings require repair and refurbishment, development potential, vacant

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Description/Location

Occupying a stunning sea facing position the property provides great potential for variety of commercial uses. The seller has completed a programme of repair works, a report is available (on request from the auctioneer) detailing a schedule of further works required to complete the restoration.

Bidders will be required to lodge a deposit of £10,000 in advance of auction, deposits will be returned to unsuccessful bidders.

Tenure

Leasehold: 125 years from 19/10/2015, ground rent £30,000 pa

Local Authority

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Please contact Elliott Network Auctions on 01923 240420

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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.