Once a “grand family home,” a partially demolished seafront property on the Isle of Wight is to be auctioned.
Beachlands at Esplanade, Ventnor, is guided freehold at £750,000-plus 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, 21 March, and ends on Wednesday, 23 March.
There are also four other Isle of Wight lots.
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-plus.
The “imposing” corner building has two commercial units, both let, and two flats have been sold on long leases.
Guided freehold at £240-260,000 is a redevelopment opportunity in Newport. The building at 64 and 65 Pyle Street, Newport, was previously occupied by an Isle of Wight 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 £125-135,000, a landmark former NatWest bank at 19 High Street, Shanklin, 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 October 5, 1874, at a peppercorn ground rent.
Video: https://www.cliveemson.co.uk/properties/232/60/
Finally, leasehold is a two-bedroom maisonette is guided at £150-160,000, which is located at 5A Market Street, Ventnor, with off-street parking.
Video: https://www.cliveemson.co.uk/properties/232/99/
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