Lot 37 Leasehold Flat For InvestmentAuction Date:
17th June 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 for many years and the rent has not increased for 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 Periodic Tenancy at a current rental of £500 per calendar month.
EPC Rating E
Council Tax Band A
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
