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 a 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 Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 280 per fortnight. Room 8 Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 160 per week. Room 9 Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 140 per week. 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.
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.
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.
EPC Rating C (75). Total Floor Area 629 sq.m.
Commercial EPC: C
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/
Sign up to The Landsite newsletter for the latest member insights, land and properties for sale across the UK, and stay in the know about The
Landsite and what’s happening with us.
Alternatively, follow us on our social media channels
