A clifftop Isle of Wight hotel with 20 en-suite guest rooms and sea views is to be auctioned by Clive Emson in February, alongside a whole host of other Iocal lots.
The freehold Harrow Lodge Hotel at 31 Palmerston Road, Shanklin, with a guide price of £495,000, is among 174 lots listed by Clive Emson Auctioneers in Southern England and Scotland.
Rob Marchant, Island auctioneer for the firm, said:
“The Harrow Lodge has been a popular profitable family-run business for many years and is only reluctantly sold now due to retirement.
“The building enjoys a landmark cliff top location with stunning views over the eastern end of the Isle of Wight and The Solent, and English Channel beyond”.
The first auction of 8 in 2025 by Clive Emson Auctioneers, in its 36th year, concludes on 6th February, with bidding live from 4th February.
Elsewhere on the Island, a freehold block of four flats, with sea views, parking and vacant possession, has a guide price of £500,000+ and is at 4 Cliff Road, Cowes.
Freehold land adjacent 17 Moorgreen Road, Cowes, has a guide price of £60,000+, with outline consent for a 2-bedroom detached house to be built.
A 2-bedroom holiday bungalow on a managed holiday site has a guide price of £95,000+. Lodge 6, The Bay Colwell, Fort Warden, Road, Totland Bay, is on the remainder of a 999-year, less 3 days, from 8th January 2018.
A vacant commercial building at 40 High Street, Shanklin, has a freehold guide price of £80,000+ and was formerly the pizza restaurant Makkie’s, with 28 covers and a takeaway section.
A detached chalet-style home with 2 bedrooms and sea views, on a plot which has had “structural damage”, is guided freehold at £30,000+ and is at 72 Leeson Road, Ventnor.
Also on land with structural movement is a detached chalet-style house called Hazeldene, Ash Grove, Luccombe, Shanklin; the two-bedroom property, on 0.17 acres, has a freehold guide price of £30,000+.
Braemar, at 5 Broadway, Sandown, comprises 6 self-contained flats, with a freehold guide price of £250,000+.
A freehold block of 9x 1-bedroom apartments is at 11 Leed Street, Sandown, and is guided at £395,000+. All of the flats are let from between £86 and £115.56 per week.
Currently let at £29,640 per annum, a freehold building has 4 flats, and a commercial unit sold on a long lease. The guide price for 34 Union Street, Ryde, is £295,000+.
With a guide price of £60,000 – £65,000, 1-bedroom Flat B at 63 High Street, Ryde, is chalked for improvement. On the top floor, the property is on a 999-year lease from July 2017.
A freehold former hotel, now arranged as 2 large maisonettes, is at 70 St Johns Road, Ryde, and has a guide price of £220,000-£240,000.
With vacant possession, the landmark property, originally built as the Terminus Hotel by the London, Brighton & South Coast Railway Company to support the adjoining railway station, has three storeys with scope and potential for sub-division.
Rob said:
“While in need of significant upgrading and refurbishment, it is considered that the building is worthy of the works required, beyond which there is scope and potential for a splendid single-family dwelling or for conversion into a number of residential units, subject to all necessary consents being obtainable. The building enjoys the benefit of rear pedestrian and vehicular access via Monkton Street.”
With 3 bedrooms, a garden flat at 44A Spencer Road, Ryde, has a guide price of £150,000+ and is on the remainder of a 990-year lease from 1972.
On the remainder of a 155-year lease from 2005, at a ground rent of £150 per annum, a 1-bedroom ground floor flat as a guide price of £90,000+ and is at 87 Amherst Place, Ryde. There is allocated parking for the vacant property.
A freehold mixed investment at 3 Union Street, Ryde, is guided at £145,000-£155,000 and is let on a 7-year commercial lease at £12,000 per annum.
Clive Emson Auctioneers was recently awarded Residential Auction Service of the Year in The Negotiator Awards 2024, the Oscars of the UK’s residential agency sector.
Abour time the sh*thole opposite Ryde St Johns Road
was tarted up, it’s a disgrace.