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Lot 189 - Freehold Former Hotel Now Arranged As Two Large Maisonettes With Potential

Lot 189 - Freehold Former Hotel Now Arranged As Two Large Maisonettes With Potential

Address

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Auction date

18 Sep 2025

Guide price

£150,000

Type

Other

Tenure

Freehold

EPC Rating

E

Status

Upcoming

Auction location placehbolder

Description

This notable freehold building is positioned at the intersection of St Johns Road and Monkton Street, near Ryde St Johns Road railway station. Initially constructed as the Terminus Hotel by the London, Brighton & South Coast Railway Company to support the neighboring railway station, it has since been repurposed into two spacious maisonettes.

The upper maisonette has been unoccupied for some years, while the lower unit retains an unusual feature: it incorporates space underneath a railway arch that was previously used as a gymnasium and a recording studio. The property requires extensive renovations but is regarded as an excellent opportunity for development into a single family home or multiple residential units, potentially as an HMO, subject to obtaining necessary consents. Access is available from Monkton Street.

The property offers a variety of rooms across three levels. The lower maisonette is equipped with both a bathroom and a shower room, while the upper one has been largely stripped out.

Lower Flat A and Upper Flat (70A) Deleted.

E & G

Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.

Last update: 29 Aug 2025

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