Lot 99 Freehold Block Of Three Town Centre Flats For InvestmentAuction Date:
18th September 2025
147 High Street, Ventnor, Isle Of Wight, PO38 1LZ
Currently let at £18,520.08 per annum
Key Features
This freehold building comprises three one-bedroom flats situated close to Ventnor's Victorian town centre with the seafront and beach slightly further afield. Each flat is let under the terms of an Assured Shorthold Tenancy Agreement, producing a very worthy income and the property being suited to an income-producing letting portfolio.
Flat 1
Ground Floor
Kitchen/living room, bedroom and bathroom with W.C.
EPC Rating C
Council Tax A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £443.34 per calendar month. At the time of publication the Auctioneers were unable to confirm the Tenancy Agreement terms, however a copy will be available in the legal pack which may be downloaded from the Clive Emson website.
Flat 2
First Floor
Entrance lobby, living room, kitchen, bedroom with en-suite bathroom/W.C.
EPC Rating C
Council Tax A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement, for an initial term of six months, commencing 24th December 2024, at a current rental of £550 per calendar month.
Flat 3
First Floor
Entrance lobby, living room, kitchen, bedroom with en-suite bathroom/W.C.
EPC Rating C
Council Tax A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement, for an initial term of 12 months, commencing 8th June 2021, at a current rental of £550 per calendar month.
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
