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Seven Gables, York Lane, Totland Bay... Residential development for sale
Seven Gables, York Lane, Totland Bay, Isle Of Wight
£950,000
Seven Gables, York Lane, Totland Bay, Isle Of Wight
£950,000
Our Summary
- The care home closed in 2022 and the property is now being sold with the benefit of planning consent for conversion to form nine residential apartments, the majority of which will be two or three-bedroom apartments, with one four-bedroom unit and two one-bedroom flats
- PlanningPlanning Permission has been granted under Appeal by Isle of Wight Council, ref: APP/P2114/W/24/3343482, with an initial application ref: 23/01539/FUL, dated 17th February 2025, for alterations and change of use from care home to create nine flats with parking, cycle storage, refuse provision and landscaping, subject to conditions
- A copy of the Planning Permission and accompanying documents may be downloaded from the Clive Emson website together with the remainder of the legal documentation for the Lot
- Freehold with Vacant PossessionCommercial EPC: BImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
- Auction Date : 01 May 2025
- For Sale by Online Auction
- Former Care Home With Consent For Conversion To Nine Apartments
Description
Seven Gables, a former Victorian residence, was converted into a care home with an annex, but is now being sold with planning consent to convert it into nine residential apartments. The property has received planning permission from the Isle of Wight Council to alter and change the use of the building from a care home to residential flats, with features such as roof terraces and balconies. The proposed apartments will include a mix of two, three, and four-bedroom units, as well as one-bedroom flats, and are expected to be popular in the local resale market due to the sought-after location. The property is being sold freehold with vacant possession, and has an EPC rating of B.