Lot 4

TOWN CENTRE FORMER FREE SCHOOL AND COMMUNITY HALL WITH POTENTIAL

Vectis Hall, Melville Street, Ryde, Isle Of Wight, PO33 2AN
Vectis Hall, Melville Street, Ryde, Isle Of Wight, PO33 2AN

Melville Street is a popular and sought-after residential address in central Ryde.

Built in 1812, and reputedly the town’s first free school, the Vectis Hall has since gone on to be utilised in a number of different guises, including as a community hall, making full use of the very substantial space available, which includes a main hall, smaller secondary hall and other accommodation. Vectis Hall is now in need of a programme of significant upgrading and refurbishment.

The accommodation includes a former caretaker/manager's flat. It is considered the Vectis Hall could serve a wide number of future potential uses, subject to all necessary consents being obtainable.

Local Planning Authority

Isle of Wight Council. Website: iow.gov.uk. Tel: 01983 821000.

Ground Floor

Entrance vestibule, main hall, side hall with cloakrooms and smaller side office.

Former Caretaker/Manager's Flat

Ground Floor

Living room.

First Floor

Bedroom.

Auctioneer's Note 1

It is believed there was further accommodation attached to the former caretaker/manager's flat, but due to the condition of the building, these former rooms are no longer habitable.

Outside

Gardens to the front opening on to Melville Street.

Auctioneer's Note 2

Prospective purchasers are advised that they view entirely at their own risk, and we would advise all parties viewing to wear suitable footwear and bring a hard hat and torch.

Auctioneer’s Note 3

The property is at present held under the terms of a long leasehold under a freehold title. The long leasehold title and freehold title will be sold together in this sale, giving the purchaser an unencumbered freehold ownership for the first time since the leasehold title was created in the 1930s.

Prospective purchasers should rely on their own enquiries and the legal pack which will be available to download from the Clive Emson website.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/