This imposing four storey building was originally constructed as one substantial house before being divided into apartments in the 1990s, located within the heart of Ventnors popular town centre with its range of location amenities including bars and restaurants and a short walk from the beach.
The flat has recently been upgraded and refurbished and has been in use for Airbnb accommodation since 2021. The last financial year returned an income of 19,758. The flat is considered ideal for continued use as either Airbnb accommodation, more traditional long term rental or perhaps for owner occupation.
Accommodation Living/dining room/kitchen, three bedrooms (one with en-suite shower room) and bathroom with W.C.
Council Tax Band A
EPC Rating E
Tenure Held under the terms of a 141-year lease from 1994. Further details of the lease will be available in the legal documents.
Leasehold with Vacant Possession
Residential EPC: E
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 the 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 www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*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 www.cliveemson.co.uk/buyers-fees/
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