3 bedroom property

Tintos is a well known town centre bar situated adjacent to the former bus garage and a short walk from the Esplanade and beach. The building also comprises a three/four-bedroom flat on the upper two floors with a beer garden to the rear.

The whole building is, at present, let under the terms of a Law Society lease until early October 2024. It is considered the property could continue as a next investment opportunity. Alternatively, there is undoubted scope and potential to separate the commercial and residential elements for investment and/or owner occupation. A further alternative may be to consider splitting the residential accommodation into two smaller flats, subject to all necessary consents being obtainable.

Commercial
Ground Floor
Main bar area, ladies' and gents' cloakrooms and small former kitchen/prep room.

Residential
First Floor
Landing, living room, kitchen and bedroom.

Second Floor
Landing, three bedrooms and bathroom with W.C.

Outside
Garden to rear.

Council Tax Band B

Auctioneer's Note
There is a cellar accessible from the communal lobby to the front of the building.

Local Planning Authority
Isle of Wight Council. [use Contact Agent Button]. Website: iow.gov.uk.

Tenancy
Let under the terms of a Law Society lease for a term of five years ending on 5th October 2024 at a current rental of £16,200 per annum.

Residential EPC: D

Commercial EPC: D

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.

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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.

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