This attractive landmark building occupies a prime position in the centre of Shanklin, a popular seaside town situated on the southeast corner of the Isle of Wight. The building has undergone a programme of extensive upgrading and refurbishment since it ceased trading as a bank.
The 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.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iwight.com.
A range of useful store rooms including the former bank strong room.
Open plan office/reception area, inner lobby with staff kitchen facilities, meeting room and cloakroom with W.C.
A range of smaller offices/meeting rooms, kitchen area and cloakroom with W.C.
Occupied by a residential apartment which has been sold on a 125 year lease, from 23rd April 2008, at a ground rental of Â£100 per annum.
The second floor flat is accessed via a separate staircase from the High Street, which also has a door into the first floor commercial space. It is considered that this staircase may provide an access point to a flat on the first floor of the building, should planning for a conversion to provide residential accommodation be obtained.
Remainder of a 873-year lease, from 5th October 1874, at a peppercorn ground rent.