Lot 42: SUBSTANTIAL CORNER BUILDING FOR REFURBISHMENT OR SITE RE-DEVELOPMENT

Available At £250,000 + Fees
52, 54 & 56 Fitzroy Street, and 66 & 68 Station Avenue, Sandown, Isle Of Wight. PO36 8HY

Viewing by arrangement with Clive Emson Auctioneers

01489 564606

Rob Marchant/Mike Marchant

Situated close to the centre of Sandown on the east coast of the Isle of Wight this substantial corner property is situated a short walk from the town centre, seafront and sandy beach beyond. The property has lain empty for a considerable number of years and is sadly in a dilapidated condition, having also suffered some fire damage. When last in use the property comprised four shop units, two fronting Fitzroy Street and two fronting Station Avenue, and a small commercial (taxi) office. Beyond, the residential units on the ground floor and then continued on the first and second floors were living accommodation including a number of self-contained flats.

It is considered that the building is now ideally suited to a solely residential use and conversion into a number of apartments, subject to all necessary consents being obtainable.

Alternatively, prospective purchasers may wish to consider re-development of the whole site with a new residential scheme, again subject to all necessary consents being obtainable.

Local Planning Authority

Isle of Wight Council. Tel: 01983 823552. Website: iwight.com.

Accommodation

Last arranged as four shops and a commercial office on the ground floor with additional storage and/or residential accommodation beyond. First and Second Floors comprise a range of rooms offering scope and potential for re-configuration into a number of flat units subject to the new owner’s requirements and all necessary consents being obtainable.

Outside

Small (overgrown) courtyard style garden to the rear.

Viewing

All viewers view entirely at their own risk.

Tenure

Remainder of a 955 year lease from 11th November 1904 at a ground rental of £32.05 shillings per annum.

Leasehold with Vacant Possession

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