Esplanade, Sandown, Isle of Wight, PO36

Any buyer must have a principal Council Tax registration on an Isle of Wight residence.

Do you want to experience some quintessentially British beach hut fun in a sought-after coastal location....!? Look no further! BEACH HUT D4 IS LOCATED IN A VERY SOUGHT-AFTER AND DESIRABLE AREA BETWEEN SHANKLIN AND SANDOWN DUNROAMIN. The beach hut land is acquired on a licence tenure with the Isle of Wight Council with an annual rent payable, subject to phased incremental/ annual RPI increases. The actual hut is privately owned with the owner being responsible for on-going maintenance. No services connected. Please note that the purchaser is responsible for their legal costs associated with the purchase, and the lease assignment arrangements with the IW Council. The seller is responsible for their legal costs associated with the transfer of the licence/lease to the new owner. Terms and conditions apply with regard to the use of the Beach Hut, but it can be used all year round. The ground on which the hut sits is subject to a lease tenure with the IW Council, currently the balance of 10 years.

Lease Terms: The owner is required to arrange insurance, including public liability insurance. The owner will also be responsible for Registration of the Lease at HM Land registry, and all costs associated with this. A FAILURE TO DO SO COULD PREVENT THE FUTURE SALE OF THE BEACH HUT. Any buyer must have a Council Tax registration on an Isle of Wight residence. Any new owner would be offered the remaining period of a 10 year lease that commenced in April 2019. The legal costs for producing a new lease is approximately £500, payable by the buyer to the IW Council. The buyer will also be responsible for the appointment of a solicitor to conduct the conveyance of the beach hut and to deal with the lease transfer formalities, in conjunction with the solicitors acting for the local authority. A sample lease is available on request. The seller is responsible for their legal costs associated with the transfer of the licence/lease to the new owner.

The revised rent for a Lease at this moment is reviewed by RPI annually on 1st April. TO BE CONFIRMED