Lot 25 Former Hotel With HMO Licence And Planning Consent For Conversion To 8 ApartmentsAuction Date:
7th May 2026
Roseglen Hotel, 12 Palmerston Road, Shanklin, Isle Of Wight, PO37 6AS
Currently let at £28,640 per annum, plus two vacant rooms
Previously fully let at £44,200 per annum
Key Features
Roseglen is typical of many former seaside hotels, having previously provided holiday accommodation which is no longer required with people's changing holiday habits.
The freehold building is situated in a prime location in Shanklin, a pretty seaside town on the east coast of the Isle of Wight. The beach and seafront are a short distance to the east, while the town centre is situated a few hundred yards away.
In common with many similar buildings the property now needs to be re-purposed and, accordingly, the current owners have obtained an HMO licence from the Isle of Wight Council. Six of the former hotel rooms are now let under the terms of Assured Shorthold Tenancy Agreements and are producing a worthwhile income.
Additionally, the current owners have also obtained planning permission for conversion into eight residential flats, which will be ideally suited for addition to an income producing letting portfolio or potentially for re-selling to the local marketplace. The new apartments will be a mix of one and two bedroom units.
Tenancies
Room 5
Currently vacant.
Room 8
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £160 per week.
Room 9
Currently vacant.
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 £260 per fortnight.
Room 14
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £140 per week.
Planning
Planning Permission has been granted by Isle of Wight Council, dated 18th December 2025, under reference: 25/01611/FUL for proposed change of use of hotel into eight residential flats with associated alterations, subject to conditions.
A copy of the Planning Permission and accompanying documents are available to download from the Local Planning Authority website: iow.gov.uk Tel: 01983 823552.
Auctioneer's Note
Previous planning applications to the Isle of Wight Council for conversion into a HMO were refused under application references: 22/00752/FUL and 23/00228/CLEUD. However, a licence for HMO use has been issued by the Council for a term of five years from 29th January 2025. A copy of the licence will be available within the legal pack, available to download from the Clive Emson website.
Auctioneer's Note 2
The Office Copy Entries state that the address of the property is The Roseglen Hotel, 12 Palmerstone Road, and 5 to 9 (Odd) North Road, Shanklin. 5-9 North Street have been sold on long leasehold titles. Further information will be available within the legal pack.
Auctioneer's Note 3
From 1st May 2026 the tenancies referred to above will become rolling tenancies and referred to as Assured Periodic Tenancies.
EPC Rating
C (75). Total Floor Area 629 sq.m.
Further Information
Rob Marchant/Jack Pullen
on 01489 564606
Viewings
- Tue 21st April
13:40 - Fri 24th April
13:40 - Tue 28th April
13:40 - Fri 1st May
13:40
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.
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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
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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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