Once a grand family home, a partially demolished seafront property on the Isle of Wight is to be auctioned.
Beachlands at Ventnor Esplanade is guided freehold at £750,000+ by regional land and property auctioneers, Clive Emson.
Rob Marchant, Clive Emson’s Isle of Wight auctioneer, said:
“This is a rare opportunity to purchase a seafront development site with planning for four town houses.
“Aptly-named Beachlands is situated at the eastern end of Ventnor’s pretty and popular seafront and enjoys splendid views across the beach and the English Channel beyond.
“Once a grand family home, Beachlands is in a poor state of repair and indeed has been partially demolished (to the rear) and the site now has the benefit of a planning consent for four attractive town houses in its stead.
“The new dwellings will be very much in keeping with other new development which has taken place in recent times along the Esplanade as it becomes gradually more attractive and reinvigorated.”
A total of 132 lots across southern England and Wales are listed with land and property auctioneers Clive Emson. Bidding for the auction opens on Monday 21st March, and ends on Wednesday 23rd March.
There are also 4 other Island lots coming up at auction…
One is the head leasehold ground rents, with commercial income, at 2 and 4 Pier Road and 4 High Street, Seaview. Currently let at £8,480 per annum, the guide price is £90,000+. The imposing corner building has 2 commercial units, both let, and 2 flats have been sold on long leases.
Guided freehold at £240,000-260,000 is a redevelopment opportunity. The building at 64 and 65 Pyle Street, Newport was previously occupied by an Island meat wholesaler and as such is configured to include large walk-in fridges and freezers on the ground floor with additional vehicle garaging and storage. On the first floor there are office and storerooms to both front and rear elevations.
Rob said:
“While there is potential for continued commercial usage it is considered that the site offers great scope and potential for re-development either by way of conversion or potentially demolition and redevelopment of the whole site to include a residential element, subject to all necessary consents being obtainable.
“It is worthy of note that many of the buildings with frontages onto Scarrots Lane have previously undergone conversion or re-development.”
Guided at £125,000-£135,000 is a landmark former NatWest bank at 19 High Street, Shanklin, which was subsequently upgraded and refurbished.
Rob said:
“Three vacant floors offer scope and potential for a wide range of future commercial uses, subject to all necessary consents being obtainable.
“Alternatively, it is considered that the first-floor accommodation offers scope and potential for residential conversion, again subject to all the necessary consents being obtainable.”
The lease is on the remainder of an 873-year lease, from 5th October 1874, at a peppercorn ground rent.
Leasehold, a 2-bedroom maisonette is guided at £150,000-160,000 and is located at 5A Market Street, Ventnor, with off-street parking.
Ventnor’s pretty and popular seafront. It wont be pretty by the time the council has given permission for all these new builds. This property should be restored.
4 town houses in that plot, 4 gerbil cages more like.
What’s that two at the front two at the back then