video-player
Video

Investment

Residential Investment & Former Brewery Site

119 High Street, Ventnor, Isle of Wight, PO38 1LY

Guide price £300,000

Key features

  • Brick built building consisting of 3 x two-bedroom flats, with the top floor flat being particularly substantial
  • 3 flats arranged over two floors currently generating £20,900 per annum
  • Includes the former Ventnor Brewery building, with a ground floor GEA of circa 340m² (3,659ft²) with B8 Planning Consent
  • Auction via Clive Emson on 24th July 2023, with a guide price of £300,000 for the freehold investment & former Ventnor Brewery site
Thank you. Your submission has been received
Oops! Something went wrong while submitting the form.

LOCATION

Located to the East of Ventnor, but within easy walking distance of Ventnor's town centre and its wide offer of retail, such as Co-Op, Hursts, Tesco and an array of arts based interests, restaurants etc. Ventnor benefits from being on the south facing slope of St Boniface Down and is almost totally sheltered from the north. The town has seen considerable recent investment in particular with a Tesco Express opening in the High Street and the creation of a small harbour on the picturesque Esplanade. The immediate population of around 6,000 residents is substantially boosted by the many visitors and locals alike wishing to enjoy the arts and fine dining culture which the town has become renowned for.

DESCRIPTION

Building arranged over two floors, and consisting of 3 x two bedroom flats. The building benefits from lawned areas at the front and the rear, two flats on the ground floor and one flat across the top floor. The current income is £20,900 per annum from all 3 flats. All flats are currently held on ASTs. Flats 1 & 2 each run to circa 70m² (753ft²), Flat 3 runs to 97m² (1,044ft²).Included in the sale is the former Ventnor Brewery building with a ground floor GEA of circa 340m² (3,659ft²) with B8 Planning Consent

TERMS

Going to Auction via Clive Emson on 26th July, with a guide price of £300,000 for the freehold investment & former Ventnor Brewery site

COUNCIL TAX BANDS

We understand that all flats fall within Council Tax band B

VIEWING

Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on 01983 301434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com

UNDER NO CIRCUMSTANCES SHOULD ANY DIRECT APPROACH BE MADE TO THE PROPERTY

Investment

Residential Investment & Former Brewery Site

119 High Street, Ventnor, Isle of Wight, PO38 1LY

Guide price £300,000

download Brochure
Thank you. Your submission has been received
Oops! Something went wrong while submitting the form.

Market your property

Whether you're aiming to sell or re-let your commercial property, our agency is dedicated to assisting you.

Thank you. Your submission has been received
Oops! Something went wrong while submitting the form.

Speak to an expert

Contact us today with any further questions.

Thank you. Your submission has been received
Oops! Something went wrong while submitting the form.

Similar Listings

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
See more
No items found.