We are excited to be instructed to market this rarely available development opportunity, overlooking the seafront in the Isle of Wight, and we are looking for a developer who is ready, willing and able to secure this dynamic property that already has outline planning permission granted to turn this traditional hotel into 9-luxury apartments.
The Burlington Hotel is offered as a development opportunity with planning permission for 9 flats having a predicted GDP of £2,835,000.
Predicted prices:
Top floor: two penthouses with three bedrooms and stunning sea views: £450,000 each
First floor: 1×3 bedroom apartment with stunning sea views: £350,000
1×2 bedroom apartment with stunning sea views: £295,000
1×1 bedroom apartment: £150,000
Ground floor: 1×3 bedroom apartment: £300,000
1×2 bedroom apartment: £250,000
2×2 bedroom apartments with C views: £295,000 each
Total value of nine apartments: £2,835,000
The Burlington developments will transform this magnificent Victorian building into a model of 21st-century living.
It is designed with a combination of traditional elegance and modern style and the nine apartments will have the best of both world\‘s; the grand dimensions of the original hotel with all the comforts of a new modern property.
The location of Burlington is ideally situated for easy access to the town of Ventnor and it\‘s popular beach. There will be parking at the front of the building for all of the apartments, and communal gardens with Seaview will be an added bonus. The building will have a lift to all floors, making these apartments easily accessible to all buyers.
Probably the most outstanding feature at Burlington will be the stunning sea views, synonymous with Ventnor and it\‘s deep landscape. Almost all the apartments will enjoy panoramic seascapes from both the interior and, for some, on their own private terraced balconies.
What the papers say: The Guardian
Let\‘s go to… Ventnor, Isle of Wight: Tuesday 24th of February 2015:
\"Why Ventnor?
Queen Victoria made it fashionable in the 19th-century. Hollywood royalty is doing the same for Ventnor today:
Benedict Cumberbatch got married on the Isle of Wight last year, bringing the island to the attention of the heat readership.
The island attract top bands to best table and the Isle of Wight festival. Coming up soon is the second Acoustic I will Festival (28th February – 8 March), featuring unplugged gigs in pubs, restaurants and on boats.
Where to head?
Ventnor, is on the south coast, has a bit of an arts scene. As well as several Acoustic gigs, it hosts the Isle of Arts festival (2–5 May), the Ventnor Fridge and the Isle of Wight film Festival (both 11 - 15th August). The art deco Winter Gardens Pavilion is now a theatre and brasserie; the former post office has become the Ventnor Exchange, theatre, record shop and bar; and the 1920s bank is now Ventnor Arts Club – a members club that visitors can join.
Vintage bathing machines converted into beach huts can be hired on the town beach, and lovely Steephill Cove is a hidden beach reached on foot. The botanic Gardens grows subtropical plants in vendors mellow microclimate. \"