Guide price
£195,0002 bedroom property for sale
Pavarottis Restaurant, 105 High Street, Shanklin, Isle Of Wight
Auction
Property
2 beds
Key information
Features and description
- Tenure: Freehold
- For Sale by Online Auction
- Auction Date : 11 December 2024
- Lot Number : 52
- Freehold Restaurant With Living Accommodation Over
- Mixed Commercial/Residential
- Freehold
- *Guide Price : £195,000 Plus + Fees
This three storey freehold building is situated in the heart of Shanklin old village, a prime location for hospitality businesses in this popular seaside town. Pavarotti's has earned a reputation as a prime eating location over the last 30 years with the business now being reluctantly closed and the building offered for sale due to retirement.
There is the opportunity for a restauranteur to continue in a similar vein or, alternatively, the ground floor may suit other commercial uses, subject to all necessary consents being obtainable. The upper two floors are arranged as two-bedroom owner’s accommodation which could be separated to provide a separate self-contained flat, subject to any works required and, again, any necessary consents being obtained.
[Ground Floor]
Restaurant area, kitchen, lobby and rear store.
[First Floor]
Ladies and gents customer cloakrooms both with W.C.s.
[Owner’s Accommodation]
Entrance lobby, living room, kitchen.
[Second Floor]
Two bedroom and bathroom with W.C.
[Outside]
Small outside area to the rear.
[EPC Rating]
C (75). Floor area 159 sq.m.
[Freehold with Vacant Possession]This three storey freehold building is situated in the heart of Shanklin old village, a prime location for hospitality businesses in this popular seaside town. Pavarotti's has earned a reputation as a prime eating location over the last 30 years with the business now being reluctantly closed and the building offered for sale due to retirement.
There is the opportunity for a restauranteur to continue in a similar vein or, alternatively, the ground floor may suit other commercial uses, subject to all necessary consents being obtainable. The upper two floors are arranged as two-bedroom owner’s accommodation which could be separated to provide a separate self-contained flat, subject to any works required and, again, any necessary consents being obtained.
Ground Floor
Restaurant area, kitchen, lobby and rear store.
First Floor
Ladies and gents customer cloakrooms both with W.C.s.
Owner’s Accommodation
Entrance lobby, living room, kitchen.
Second Floor
Two bedroom and bathroom with W.C.
Outside
Small outside area to the rear.
EPC Rating
C (75). Floor area 159 sq.m.
Freehold with Vacant Possession
Commercial EPC: C
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to
There is the opportunity for a restauranteur to continue in a similar vein or, alternatively, the ground floor may suit other commercial uses, subject to all necessary consents being obtainable. The upper two floors are arranged as two-bedroom owner’s accommodation which could be separated to provide a separate self-contained flat, subject to any works required and, again, any necessary consents being obtained.
[Ground Floor]
Restaurant area, kitchen, lobby and rear store.
[First Floor]
Ladies and gents customer cloakrooms both with W.C.s.
[Owner’s Accommodation]
Entrance lobby, living room, kitchen.
[Second Floor]
Two bedroom and bathroom with W.C.
[Outside]
Small outside area to the rear.
[EPC Rating]
C (75). Floor area 159 sq.m.
[Freehold with Vacant Possession]This three storey freehold building is situated in the heart of Shanklin old village, a prime location for hospitality businesses in this popular seaside town. Pavarotti's has earned a reputation as a prime eating location over the last 30 years with the business now being reluctantly closed and the building offered for sale due to retirement.
There is the opportunity for a restauranteur to continue in a similar vein or, alternatively, the ground floor may suit other commercial uses, subject to all necessary consents being obtainable. The upper two floors are arranged as two-bedroom owner’s accommodation which could be separated to provide a separate self-contained flat, subject to any works required and, again, any necessary consents being obtained.
Ground Floor
Restaurant area, kitchen, lobby and rear store.
First Floor
Ladies and gents customer cloakrooms both with W.C.s.
Owner’s Accommodation
Entrance lobby, living room, kitchen.
Second Floor
Two bedroom and bathroom with W.C.
Outside
Small outside area to the rear.
EPC Rating
C (75). Floor area 159 sq.m.
Freehold with Vacant Possession
Commercial EPC: C
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to
About this agent
Clive Emson Land & Property Auctioneers - Maidstone
Rocky Hill, London Road
Maidstone, Kent
ME16 8PY
01622 279788Clive Emson Auctioneers was founded in 1989 to supply a high profile auctioneering facility to corporate and independent estate agents, private clients and statutory bodies. Our success is due to, and remains, attributable to a firm commitment to quality and service distinguished by both our Investors in People and ISO accreditations. The concept of the Company is to provide a specialist land and property auctioneering service and, therefore, does not compete with the traditional estate agency, mortgage broking, insurance or any other aspect of the property world. All properties upon which we are instructed are offered for sale in the auction catalogue. The 20-25,000 full colour catalogues produced for each of our auctions are available either by post or through a network of over 850 estate agency outlets throughout Southern England. Our marketing is supported by more estate agency offices than any other auctioneers practice. In addition lot details, catalogue downloads, viewings and legal documentation are available through this website.