Spring Gardens

'Spring Gardens'
15 Spring Gardens, Ventnor, Isle of Wight, PO38 1QX
IMPRESSIVE HOME WITH AN INCOME FOR SALE
CHARTERED SURVEYORS
COMMERCIAL PROPERTY AGENTS
RETAIL
INDUSTRIAL
OFFICE
INVESTMENT
BUSINESS TRANSFER
DEVELOPMENT LAND
MANAGEMENT
RENT REVIEWS
Set within a quiet location, with sea views and
parking and close to both Bonchurch &
Ventnor
Well presented, furnished & equipped to high
standard
Potential for conversion to self-catering
apartments/ guest accommodation/
residential, subject to planning
For sale with offers invited 'in excess of'
£230,000 freehold premises. Fixtures & fittings
for sale by separate negotiation
LEASE RENEWALS
VALUATIONS
ARBITRATION
ACQUISITIONS
EXPERT WITNESS
HISTORIC BUILDINGS
CONSULTANCY
LOCATION
Spring Gardens is set within a quiet location, situated between the popular seaside resort of Ventnor
and the picturesque village of Bonchurch, with views over the English Channel.
DIRECTORS
NICK BUCKLE BSc(Hons) MRICS
GAVIN CHAMBERS BA(Hons)
GRANT HIGGS
JAMIE WHITTLE BSc(Hons) PgDipSurv MRICS
Ventnor is located on the southern most part of the Isle of Wight enjoying an enviable sunshine
record referred to by many as a 'micro-climate'. Ongoing redevelopment of the town including the
construction of a new harbour have continued to add to the town's vitality. Recently opened bars and
restaurants cater for the visitors to the area with annual events such as the carnival drawing
additional tourists.
SHAUN WOOLFORD MBA BSc(Hons) Dip Proj Man MRICS
REGISTERED OFFICE
62 High Street, Newport, Isle of Wight PO30 1BA
Registered in England and Wales No. 6477562
Vat No. 928 0215 39
DESCRIPTION
Spring Gardens is a semi-detached, three storey, building which is arranged as 2 flats and but offers
the potential for guest accommodation. The accommodation has been extensively refurbished by the
current owner and the rooms are well presented, 2 of which benefit from ensuite facilities and benefits
from a hardstanding to the front allowing for parking.
62 HIGH STREET NEWPORT
ISLE OF WIGHT
PO30 1BA
TEL 01983 822555
___________________
MERRITTS FARM
It should be noted that the second floor of the property has been sold off on a long leasehold and
benefits from a right of access via the main entrance.
WHITE HORSE LANE
WATERLOOVILLE
PO7 6QL
TEL 02392 257224
___________________
OWNERS ACCOMMODATION
An owner's suite offers 1 double bedroom, WC, office/ bedroom 2, kitchen and lounge.
EMAIL
enquiries@gullyhoward.com
www.gullyhoward.com
THE BUSINESS
The current owner has previously let the 2 flats on Assured Shorthold Tenancy Agreements. It had been our clients intention to reconfigure
the premsies to provide guest accommodation and extensive works have already been undertaken to create 3 guest rooms but is now
reluctantly selling due to a change in personal circumstances.
It is our view that a 4th bedroom could be created by way of what appears to be a relatively straight forward reconfiguration of the owners
accommodation and that further ensuite facilities could be formed.
With the accommodation previously arranged as 2 flats it is our view that it could also be possible to reconfigure the rooms to form 2-3
self-catering apartments, with owners living offsite. This would be subject to the usual planning consents.
PRICE
Available for sale with offers invited 'in excess of' £230,000 for the benefit of the freehold premises. Fixtures and fittings for sale by
separate negotiation.
UNIFORM BUSINESS RATE
Rateable Value - TBC
(2011/2012) 43.3p without small business relief. Small business relief may be available on the property but interested parties should
make their own enquiries of the Isle of Wight Council with regard to eligibility and rates that apply. It should also be noted that the rate
liability may be affected by the Government's transitional arrangements. Interested parties should make their own enquiries to confirm any
rate liability.
VIEWING
Strictly by appointment with sole agents Gully Howard Chartered Surveyors on 01983 822555, contact Corina Sewell and Grant Higgs.
Under no circumstances should any direct approach be made as staff will be unable to assist you.
Whilst these particulars are believed to be correct neither the agent nor the clients guarantee accuracy nor are they intended to form part of any contract.
We have not carried out any survey. All offers are subject to formal contract. Interested parties must satisfy themselves independently as to VAT in respect
of any transaction. Gully Howard Chartered Surveyors and staff are not able to give any warranty or representation in connection with this property and
have not tested any plant, purchasers must satisfy themselves as to its condition. Plans are shown not to scale and for identification only, dimensions are
approximate and location plans may not show all current occupiers.
Spring Gardens Guest House, 15 Spring
Gardens, Ventnor, Isle of Wight
Undercliff Room
Bonchurch Room
Bonchurch Room
Steephill Room
Kitchen
View of English Channel from
bedroom
Gully Howard
01983 822555
Chartered Surveyors
Commercial Property Agents