Lot 64

FORMER GARAGE WITH CONSENT FOR REPLACEMENT WITH TWO SHOPS & 10 FLATS WITH PARKING

Former Bus Depot, 22 Pier Street, Ventnor, Isle Of Wight, PO38 1ST
Former Bus Depot, 22 Pier Street, Ventnor, Isle Of Wight, PO38 1ST
Withdrawn After

The former bus garage in the centre of Ventnor occupies a landmark location but has lain empty and unused for some years.

Planning Consent has now been obtained for demolition of the existing structure and replacement with an attractive scheme comprising two retail units on the ground floor and 10 two-bedroom flats, with the major benefit of six car parking spaces to the rear.

The site is situated in the heart of Ventnor's popular Victorian town centre, a short walk from the beach and seafront.

Once completed the shops and flats are considered ideal for re-sale into the local market place or, perhaps, retention as part of an income-producing letting portfolio.

Proposed Accommodation

Retail Units

Each retail unit will have a main sales/trading floor with separate ladiesÂ’ and gentlemen's staff cloakrooms with W.C.s

Flats

Each flat will have accommodation comprising:

Entrance hall, living room, kitchen, two bedrooms and bathroom/W.C.

Outside

The new development will have the advantage of six car parking spaces.

Planning

Planning Permission has been granted by Isle of Wight Council under ref: 20/000091/FUL, dated 13th October 2020, for demolition of bus depot and associated outbuildings; proposed three storey building to form two retail units on ground floor with 10 flats above to include accommodation within roof space; access off Pier Street, subject to conditions.

A copy of the Planning Consent and proposed plans will be available to download from the Clive Emson website or the Local Planning Authority website.

Local Planning Authority

Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.

Freehold with Vacant Possession

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/