Lot 21 - Freehold Four Storey Waterfront Building With Potential
The Prince Consort, 19 St. Thomas Street, Isle Of Wight, PO33 2DL
Guide Price: *
£300,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£300,000Bid history
1 bidI
02/09/2024 15:26:33 - £300,000
Enjoying a stunning location on the seafront at Ryde, overlooking the Solent, the Prince Consort building was formerly known as the Royal Victoria Yacht Club and was built at a cost of £4,500 and completed in 1847, with the foundation stone having been laid by Prince Albert in the spring of the previous year. Unable to enter the Royal Yacht Squadron at Cowes, which was a male-only establishment, Queen Victoria effectively set up the Royal Victoria Yacht Club as a rival.
The Yacht Club was based in the building until 1966, after which it has had a varied history, having initially traded as a restaurant. In more recent years, the upper two floors have been converted into stunning apartments enjoying wonderful views and the convenience of a town centre location. The lower two floors were last in use as a call centre but have lain vacant for some years.
The freehold of the building is now offered for sale with scope and potential to bring the lower two floors back into meaningful use. Previous, though now lapsed, Planning Permissions were achieved in 2016 for conversion of the ground floors with both residential and commercial options and usage.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
Lapsed Planning
Planning Permission was granted by Isle of Wight Council under ref: P/01130/15, dated 29th April 2016, for proposed internal and external alterations, to include replacement of access gates, to refurbish lower ground floor offices and to convert part of lower ground floor and ground floor to a residential unit (revised scheme) (revised description), subject to conditions.
Planning Permission was granted by Isle of Wight Council under ref: TCPL/24772/P0000705/02 for conversion of the upper ground floor into a single residential unit and refurbishment of ground floor offices, subject to conditions.
These consents were not actioned and have now lapsed.
Accommodation
The lower two floors have most recently been in commercial usage as a call centre and supporting offices but include on the ground floor the grand reception, being the triple-aspect reception room overlooking the Solent, formal reception, state room and a range of smaller rooms, including kitchens, ladies’ and gents’ cloakrooms and ancillary offices. The lower ground floor offers a further range of offices and supporting infrastructure.
First Floor Apartment
Sold on a 999-year lease from 1st December 2001 at a current ground rental of £100 per annum.
Top Floor
Penthouse Apartment
Sold on a 999-year lease from 1st December 2001 at a current ground rental of £100 per annum.
Outside
Car parking to the front, and walled garden to rear which includes additional car parking accessed via the adjoining car park, subject to a licence arrangement.
Auctioneer’s Note
Vehicular access to the walled garden/car park is subject to a 125 year lease from 14th November 2002, at a current rental of £2,400 per annum.
Tenure
The freehold is to be offered, with the first floor and penthouse level apartments sold on a long leasehold basis, paying a combined ground rental of £200 per annum and contributing to the management and maintenance of the building.
Joint Auctioneer
Seafields, 18 Union Street, RYDE, Isle of Wight, PO33 2DU, 01983 812266
Summary
- Lot number
- 21
- Auction end
- 2nd Sep at 15:34
- Property type
- Other
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 21
- Auction end
- 2nd Sep at 15:34
- Property type
- Other
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Hampshire, Dorset, Wiltshire & Isle of Wight
01489 564606
Unit 14, Fulcrum 2, Solent Way, Whiteley, Fareham, Hampshire, PO15 7FN
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
