Lot 2 - Former Ventnor Bus Station, 22 Pier Street, Ventnor, Isle of Wight, PO38 1ST

  • Unconditional Online Auction Sale
  • Guide Price* : £395,000 plus

Development opportunity - 10 flats & 2 shops

Description

A centrally located development site in the coastal resort town of Ventnor. Full permission (planning ref. 20/00091/FUL) ,subject to conditions, was granted on 13th October 2020 for plans to construct a three storey building, comprising 10 x 2 bedroom flats and two ground floor retail units. The proposed development includes six parking spaces to the rear.
Pier Street leads on to High Street, with nearby retailers including Co-op and Boots, plus numerous bars, restaurants and cafés in the vicinity. Ventnor Beach is situated within half a mile, with a range of other amenities available in the area.

Other Information

Local Authority – Isle of Wight Council
NB. The plans and drawings shown are for reference purposes only and are not reproduced to scale. Please refer to the local authority website for the full planning documents, or the legal pack for related plans and drawings.

Tenure

Freehold

Viewings

Direct to site or by prior appointment with the auctioneers

Additional Information

A contract administration charge of £1,000 (inclusive of Vat) is payable on exchange of contracts. Please note this fee is not part of the deposit or purchase price.

Please refer to the Special Conditions of Sale & General Conditions of Sale for details of any additional fees, costs or disbursements (if applicable), which will form part of the contract.

*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.

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