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Property for sale
Westcliffe Chalets, Boxers Lane, Niton, Ventnor, Isle Of Wight
£180,000
Westcliffe Chalets, Boxers Lane, Niton, Ventnor, Isle Of Wight
£180,000
Our Summary
- The lot is offered with the obvious scope and potential for future lease extensions and we are advised that the freeholder is able to grant a variation to the individual leases to allow full-time occupancy of the units as opposed to the existing holiday use, subject to an amendment to the lease terms at the point of lease renewal
- There is also perhaps scope and potential for further development, subject to all necessary consents being obtainable
- Important:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
Description
This 0.5 hectare freehold site in Niton, Isle of Wight, features 27 holiday chalets and a significant car park, with the majority of the chalets held under 99-year leases from the late 1980s to the mid-1990s. The site offers scope for future lease extensions, allowing for full-time occupancy, and potential for further development, subject to necessary consents. The property is situated close to the village center and the English Channel, making it an attractive location for holidaymakers. The freeholder is willing to grant lease variations and the site is sold subject to the Common Auction Conditions and Special Conditions of Sale.