Lot 101 Leasehold Flat For InvestmentAuction Date:
7th May 2026
West Flat, Silver Mist, Victoria Street, Ventnor, Isle Of Wight, PO38 1ES
Currently let at £6,000 per annum
Potentially let at £8,400 per annum
West Flat is a first floor one-bedroom leasehold flat situated within the attractive building, Silver Mist, a converted property that sits on an elevated position with views across Ventnor and the English Channel.
The flat is currently let to tenants who have been in occupation of the property for over 20 years and the rent has not increased in some time, however, it is considered very worthy of addition to an income producing letting portfolio. The flat is also sold with a parking space to the front of the building and an allocated area of garden within the communal grounds.
Accommodation
Entrance Hall, bathroom, separate W.C, kitchen, living room, bedroom.
Outside
Parking space and garden.
Tenure
Remainder of a 125-year lease from 30th April 1973 at a current ground rental of £10 per annum.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £500 per calendar month. From 1st May 2026 the tenancy will become a rolling tenancy and referred to as an Assured Periodic Tenancy.
EPC Rating
To be confirmed.
Council Tax Band A
Further Information
Joe Rocks/Rob Marchant
on 01489 564606
Viewings
- Tue 21st April
12:15 - Fri 24th April
12:15 - Tue 28th April
12:15 - Fri 1st May
12:15
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
Service Providers
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Local Information
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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.
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
