Lot 102 Freehold Block Of Three Flats And Former Brewery Site With PotentialAuction Date:
26th July 2023
Fairlawns & Former Ventnor Brewery, 119 High Street, Ventnor, Isle of Wight, PO38 1LY
Situated in the heart of Ventnor close to the popular Victorian Centre, Fairlawns was the original home of the Burt family who ran the long-established Ventnor Brewery, prior to its closure about 10 years ago.
The brewery buildings are attached to the rear of what was the family home. In more recent times, the residential dwelling has been separated into three self-contained flats, with two ground floor units providing two-bedroom accommodation and a large three-bedroom flat on the first floor, with the benefit of a roof terrace. There is allocated car parking for each flat. To the rear of the site is the former brewery building which extends over four floors and has scope/potential for a number of future uses, including perhaps site redevelopment, subject to all necessary consents being obtainable.
Fairlawns
Ground Floor - Flat 1
Living room, inner hall, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £125 per week.
Council Tax Band E
Flat 2
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £550 per calendar month.
Council Tax Band C
First Floor - Flat 3
Reception hall, living room, kitchen, three bedrooms, bathroom and cloakroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £650 per calendar month.
Council Tax Band D
Outside
Roof terrace for Flat 3 (First Floor). Open plan communal gardens and parking area at ground level.
Former Brewery Site
Accommodation over four floors in the main building and a smaller annexe building at ground and first floor level - previously all in use to support the beer-making facilities on-site.
Auctioneer's Note
The former brewery building is in a poor state of repair and prospective purchasers are advised to dress appropriately and that they view at their own risk.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
Freehold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
