RE/MAX Property Hub BH7
Tel: 0330 0536 919
John Street, Maryport, Cumbria, CA15 6JT
By auction £150,000
12 Bedroom Block of Flats
- Investment Opportunity
- Sold by Modern Auction (T&Cs apply)
- Subject to Reserve Price
- Buyer Fees Apply
- Development potential for whole site
- The Modern Method of Auction
AN INVESTMENT AND DEVELOPMENT OPPORTUNITY
The Royal Victoria Hotel is a three-storey brick built terraced property dating from the 1850’s. The proposal is for a development comprising 7 self-contained flats mixed one bedroom and two bedrooms. The ground floor will feature a pub and a commercial unit. The local authority is Cumberland Council, the property is neither listed nor located within a Conservation Area.
Planning permission has been applied for.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculationsfor stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.
LOCATION
Maryport is a charming coastal town located in Cumbria, England, nestled along the scenic shores of the Solway Firth. Its picturesque setting and maritime heritage have made it a notable spot on the northwest coast. The town’s distinctive blend of natural beauty and historical significance provides both residents and visitors with a unique and welcoming atmosphere.
MARYPORT’S HISTORY
The roots of Maryport trace back to Roman times, a fact that still resonates throughout the town today. Archaeological discoveries and historical sites reveal that this area once served as a strategic military and trading post, laying the groundwork for a rich cultural legacy. Over the centuries, Maryport evolved from its ancient beginnings into an industrious hub, with the Roman influence serving as an enduring reminder of its early importance.
During the Industrial Revolution, Maryport experienced significant growth as a centre for coal mining and shipbuilding. This period of rapid development not only transformed the town’s economic landscape but also left a lasting imprint on its character and architecture. The remnants of its industrial past, from sturdy dockside warehouses to elegant Victorian buildings, coexist with newer developments, creating a fascinating juxtaposition of eras.
MARYPORT TODAY
MARYPORT TODAY
Today, Maryport offers a delightful mix of historical charm and modern conveniences. Visitors can wander along its quaint streets, explore local museums that detail its rich heritage, and enjoy coastal walks that showcase the dramatic beauty of the surrounding landscape. With a close-knit community and a calendar filled with maritime festivals and cultural events, Maryport continues to be a place where history and nature come together to create a truly memorable destination.
Auctioneer Comments
This 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 Limited. 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 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 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 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 Arrangements
The 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
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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