Lot 37 Former Hotel Partially Converted To An HMO With Scope For Further ConversionAuction Date:
1st May 2025
Roseglen Hotel, 12 Palmerston Road, Shanklin, Isle Of Wight, PO37 6AS
Currently part let at £44,720 per annum
Key Features
The Roseglen traded for many years as a successful hotel in this popular seaside town on the east coast of the Isle of Wight.
As the demand for hotel rooms has lessened in recent years, the Roseglen has now been reconfigured to include a six-bedroom HMO on the first floor. We are advised that planning consent has not been obtained for this conversion but that an HMO licence has been issued by the Local Authority, following works requested by the Council to include a new fire alarm system and fire doors. Prospective purchasers may wish to pursue planning consent to the existing HMO arrangements. It is considered that further scope exists for additional conversion works on the lower ground and ground floor, subject to all necessary consents being obtainable.
The lower ground floor is, at present, configured as two one-bedroom flats and a bedsit which had previously been let which are presently vacant.
Lower Ground Floor
Configured as two one-bedroom flats and a bedsit and a range of former bedrooms and store rooms not used since the hotel ceased trading.
Ground Floor
At present in use as owner's accommodation including entrance hall, living room, dining room, kitchen, four bedrooms (all with en-suite shower rooms with W.C.s).
First Floor
Landing and six bedrooms which are all let under the terms of Assured Shorthold Tenancy Agreements.
Tenancies
Room 5
Currently vacant but previously let at £140 per week.
Room 8
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £160 per week.
Room 9
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £140 per week.
Room 10
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £140 per week.
Room 12
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £140 per week.
Room 14
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £140 per week.
Outside
Patio terrace to the front and garden to the rear.
Planning
A Lawful Development Certificate was refused by Isle of Wight Council under ref: 23/00228/CLEUD, dated 3rd April 2023, for continued use as hotel and part House in Multiple Occupation.
Auctioneer's Note
An HMO Licence for six letting rooms has been granted by the Local Authority and will be included in the legal pack, available to download from the Clive Emson website.
EPC Rating
C (75). Total Floor Area 629 sq.m.
Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
Further Information
Rob Marchant/Mike Marchant
on 01489 564606
Viewings
- There are no future viewings currently available, please contact our office on 0345 8500333
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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.
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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.
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