Lot 79 Town Centre Freehold Three Storey Bar With Garden And ParkingAuction Date:
24th July 2024
48 High Street, Ventnor, Isle Of Wight, PO38 1LT
This three storey town centre building is situated in a prime location on Ventnor High Street and was, until recently, trading as the High Street Bar Company.
The building is in a good location for foot fall with public car parks to both front and rear in addition to its own rear garden which includes a small car parking area.
The property has undergone a significant level of upgrading and investment in recent years and is considered ideal for continued use as a bar or eatery or for other commercial uses, subject to all necessary consents being obtainable.
The 2016 Planning consent for conversion which has been implemented also allowed for a rear extension and addition seating areas and this section of the consent has not been implemented but could be completed by the new owners if required.
Planning
Planning Permission has been granted by the Isle of Wight Council under ref: P/00197/16 for demolition of studio; alterations and conversion of shop to form bar/restaurant; proposed three storey rear extension to form seating area. Subject to conditions.
A copy of the Planning Permission and accompanying documents may be downloaded from the Local Planning Authority Website, iow.gov.uk. Tel: 01983 823552.
Lower Ground Floor
Accessed internally or externally from the rear, comprising games room, office, ladies and gents cloakrooms with W.Cs.
Ground Floor
Main bar area and cloakroom with W.C.
First Floor
Additional seating area and open plan kitchen.
Outside
Pub style garden to rear and car parking accessed via the Pound Lane car park.
Freehold with 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
