Sandown’s derelict Kings House is among the local land and property that is up for sale in the upcoming Clive Emson auction.
Kings House was last in use as a restaurant/public house, though for some years the building has lain empty.
The property is now in need of a significant level of upgrading and refurbishment, but it is considered that Kings House offers a great deal of scope and potential for a number of potential future uses, subject to all necessary consents being obtainable.
The prominent seafront building on High Street, Sandown – has a guide price of £250,000-plus.
Rob said:
“Kings House occupies a prime location with Sandown High Street to the front, while the rear elevation overlooks the Esplanade with the sandy beach and English Channel beyond. Consequently, the building enjoys fine views including over Sandown Pier and Sandown Bay.
“Kings House was last in use as a restaurant/public house, though for some years the building has lain empty.
“The freehold property is now in need of a significant level of upgrading and refurbishment, but it is considered that Kings House offers a great deal of scope and potential for a number of potential future uses, subject to all necessary consents being obtainable.
Article continues below this advertisement “Work has previously commenced on a scheme for conversion of the existing building. Accordingly, none of the existing rooms on any of the three floors can necessarily be labelled.”
A 3-storey, 5-bedroom house at 20 Drake Road, Newport, chalked for “improvement”, has a freehold guide price of £180,000 – £200,000.
Rob Marchant, the Island auctioneer for Clive Emson Auctioneers, which has 134 lots listed across southern England for its June auction, said:
“It is believed that the property may once have traded as a guest house but sadly the building is now in a poor state of repair and requires a programme of upgrading and refurbishment to be restored to its former glory.”
Video: https://www.cliveemson.co.uk/properties/242/27/
A 3-storey detached building at 162 Gunville Road, Newport, opposite the Methodist Church and in previous use as a commercial property on the ground floor with living accommodation over, is guided freehold at £170,000 to £180,000.
Most recent uses included a convenience store and latterly an animal charity.
Rob said:
“The existing accommodation is very tired but, subject to a programme of upgrading and refurbishment, it could be restored, perhaps as part of a conversion project to provide a number of smaller residential flats, subject to all necessary consents being obtainable.
“Alternatively, planning consent has been granted for demolition of the existing building and replacement with a pair of two or three-bedroom semi-detached dwellings which will be ideal for resale into the local marketplace or retention for their income producing potential.”
Joint auctioneers: Hose Rhodes Dickson.
At 38 St Johns Road, Newport, a 4-storey, semi-detached building, with 3 of the 4 flats let at £19,200 per annum, has a guide price of £250,000-plus.
Joint auctioneers: Chinneck Shaw.
Held on the remainder of a 999-year lease from 1894, a double-width former shop at 69-71 Regent Street, Shanklin, has a guide price of £100,000 and is let at £10,000 per annum to a tech company as an open-plan office.
Previously fully let at £13,075 per annum, a freehold commercial investment at 159 High Street, Ryde, is guided at £95,000 – £100,000.
Rob Marchant, the firm’s Island auctioneer, said:
“Located in Ryde’s pedestrianised High Street, this commercial premises has until recently been trading as a café. The unit is now offered vacant and is considered ideal for re-letting or for use by an owner occupier.
“The first floor is arranged as 2 residential units and both flats have been sold under the terms of 125-year leases from 13th March 2020, with a ground rent of £75 per flat per annum payable.”
Video: https://www.cliveemson.co.uk/properties/242/3/
Joint auctioneers are Scotcher & Co.
As the road name suggests, an end-terrace house at 24 Ocean View Road, Ventnor, has stunning sea views over the town and English Channel and is guided at £125,000 – £135,000.
Rob said the house, on the remainder of a 999-year lease from 1902, could provide two or three-bedroom accommodation, depending on requirements.
He added:
“The house requires some upgrading and refurbishment and is considered very worthy of the improvements required beyond which it is considered ideally suited to owner occupation as a traditional letting investment or, potentially, as a weekend retreat/holiday home or commercial holiday letting.
“The rear garden runs up a steep bank to the rear of the property but the journey to the top is well worth it for the even better views over the English Channel. At the top of the garden is a summer house which requires refurbishment or replacement.”
Video: https://www.cliveemson.co.uk/properties/242/41/
Joint auctioneers: Webb Jenkins.
7 acres of freehold land on the west side of Whippingham Road, East Cowes, has a guide price of £50,000.
Joint auctioneers are Fleurets.
Sitting on a 0.14-acre plot, a freehold three-bedroom, semi-detached house at 7 Hollow Glade, Godshill, has a guide price of £350,000-plus.
Rob said:
“Planning consent has previously been obtained for development of the land to the side, and while this consent has now lapsed it is considered that the land is ideally suited to such development and that, subject to a formal application, it may be possible for this planning or indeed another similar scheme to be reinstated.
“A similar parcel of land at the other end of the row of semi-detached houses has recently been redeveloped with an attractive detached dwelling.
“The existing semi-detached house has been in use as an income-producing letting investment for a good number of years and is considered ideal for continued use in this guise or perhaps for occupation by an owner occupier while the land to the side is re-developed.”
Joint auctioneers are Fox & home.
With a freehold guide price of £350,000-plus, a freehold barn sitting on nearly 8.5 acres of land and overlooking the countryside, and towards the Solent to the south, has planning consent for conversion into a single dwelling.
The property is on land at Moles Farm on the north side of Calbourne Road, Calbourne.
The auction ends on Thursday, 15th June, with bidding live from Tuesday, 13th June.
Kings House would be a perfect Wetherspoons
Insufficient footfall year round in Sandown to merit a Wetherspoons.
Since the pandemic and hardly anyone works in the office
The Seaside business is like it usetd to be in the 1980s
Sandown and Shanklin are constantly busy it would make a mint.
Take a stroll in Sandown and Shanklin on an evening between October and April, and you will see very few people about.
If only someone wanted to go to Sandown.
It would be really good to see some investment and upgrade to this prominent building. The esplanade side could be very beneficial and might be seen as a good way to kick start the investment and development that Sandown needs. lets hope for a positive outcome with a buyer who wants to develop this quickly, not sit on this as an asset for the future
Good luck getting planning permission this century from the parochial council.
All very well getting it for 250k. You would need to spend a minimum of £5,000,000 (5 mil) on it to bring it back to close of what it was.
Not if you get a good team of Builders in from the mainland,
Not a bunch of local Numpties who don’t know what they are
doing.
Wasn’t it a bunch of numpties from the mainland that ruined and left it in the state it’s in now
Let’s hope the once was Ocean Hotel can be sorted out very soon??????
Not forgetting the other eyesores on Culver Parade.