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Ground Rents for Auction Isle Of Wight PO38
Auction Date
20 March 2025
Guide Price
£95,000
Property Summary
Guide Price £95,000. This 0.5 hectare (1.24 acre) freehold site is populated with 27 holiday chalets along with a significant area of undeveloped land, including a significant car park. The majority of the chalets are held under the terms of 99-year leases from the late 1980s through to the mid- 1990s, with each of the chalet owners responsible for a proportion of the ongoing site costs and a freehold ground rent.
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