Sold after auction for an undisclosed amount

A substantial 4 storey detached hotel (12,647 sq.ft. - source EPC) with sea views occupying a site of approximately 2.92 acres including swimming pool, tennis court, helipad and car park. Development potential, vacant.

Description/Location

The property is south facing and enjoys an elevated position with cliffs leading down to the sea. The accommodation includes 26 en-suite guest rooms, restaurant, sun terrace, bar, meeting and banqueting facilities and a games room. Potential to create additional dwellings utilising the large site, the hotel buildings are suitable for existing and alternative commercial uses as well as conversion to residential subject to planning.

Tenure

Freehold

Local Authority

Isle of Wight Council

Viewing

Please contact Grey & Co Network Auctions on 020 8903 3909.

Accommodation

Ground floor: Hotel reception area, administration office, male and female WC facilities. Residents lounge (leading to sun terrace) Rooms: 2 x split level family rooms, 2 x twin rooms, 3 x double rooms Lower ground floor: Public lounge bar, breakfast room, function room, restaurant (approximately up to 100 covers), commercial kitchen (with preparation/ washing area and utility/laundry room), games room, cellar/ bottle store (with delivery access). Rooms: 1 x twin room, 1 x twin/ double garden room, 1 x double garden room Upper floors: Flat roof patio terrace, linen store Rooms: (some with private balconies and sea views) 1 x twin room, 1 x twin/ double garden room, 1 x double garden room Top floor Rooms: 1 x family room 1 x family suite 1 x king size room 1 x feature “turret” room Outside: Car parking for approx. 24 vehicles. Set in grounds of approximately 2.92 acres.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.