This three storey freehold town centre building situated in the heart of Freshwater has the advantage of a potential vehicular access via Tennyson Road.
The building at present is arranged as a small lock-up shop unit to the front which requires upgrading and refurbishment. To the rear on the ground floor is a small residential flat, while on the first floor there is a larger residential flat which has been sold off under the terms of a long leasehold arrangement. On the second floor there is a vacant two-bedroom flat which is considered ideal for an income producing letting portfolio.
The garden to the rear which opens onto Tennyson Road may offer scope and potential for off-road parking, garaging, or perhaps even a small residential dwelling, subject to all necessary consents being obtainable.
AuctioneerÂ’s Note
The address of the lot, (as shown above), matches that held on the Land Registry Office Entries. We are, however, aware that the property is also referred to locally and on occasion by the Isle of Wight Council as Walmer House.
Ground Floor Front
Commercial
Small lock-up shop.
Ground Floor Rear
Residential
Kitchen, bedroom/living room, conservatory, shower room and cloakroom with W.C.
Council Tax Band A
First Floor Flat - Tenure
The freehold title includes the first floor flat registered on Land Registry as 1 Walmer House which is sold under the terms of a long lease for a term of 199 years from 1st January 2012.
Second Floor Flat
Landing, kitchen/dining room, living room, two bedrooms and shower room with W.C.
Council Tax Band B
Outside
Garden to the rear fronting Tennyson Road.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
