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House For Sale £1,500,000
The Hermitage, St Catherines Down, Whitwell, Ventnor, Isle Of Wight, PO38 2PD


Description
Interested parties should contact Knight Frank Auctions for further information.

Description
The Hermitage has been the subject of an extensive refurbishment programme within the past few years. It is set in stunning, mature grounds, bordering woodland providing a quiet, secluded setting. This significant landmark property is surrounded by attractive rolling countryside; designated as an Area of Outstanding Natural Beauty, with excellent walks and riding accessible directly from the property including onto St Catherine's Down itself from which there are stunning views of much of the Island including the nearby south western coast.

Tenure & Tenancy

Freehold with Vacant Possession

The house, having been a full-time private home, is currently used as a second home and a profitable boutique holiday let that is currently generating around £115,000 of gross income per annum.

Ground Floor
Entrance hall: An impressive and spacious entrance with an oak staircase with carved newel posts. Ornate fire surround housing wood burning stove.
Drawing room: An elegant panelled room with an open fireplace with marble surround. Original wooden floorboards, two sets of French doors with side panels providing views over the garden and access to the raised terrace.
Kitchen/Breakfast room/Diner: A fabulous room offering a stunning south facing aspect with the ability to cater for large groups and parties. A good quality modern kitchen has been installed at the west end.
Games room: A fine west facing room, which is currently being used for snooker and general entertaining. A gym is located off the games room.
Other Rooms: - Along the north side of the house is a useful snug' room, a children's playroom, a well-equipped utility room and an adjacent boot room.
Cellars: One of which has twin oil fired boilers and hot water cylinders. Beyond is a workshop/stores.

First Floor
10 double bedrooms all with ensuite facilities, and individually styled.
Landing: Providing an attractive south facing seating area overlooking the gardens.

Outside
To the front of the house is a large stone paved terrace with a central ornamental fish pond providing an attractive seating area overlooking the grounds. To the front of the house are lawns which are dispersed with a variety of mature trees and shrubs and surrounded by mature woodland providing a secluded and private setting. There is an ornamental fish pond as well as further pond in the woodland beyond. There are various timber stores and a double garage. There is parking to the front of the house as well as additional parking to the rear (west) of the property accessed via a spur in the shared driveway. There is also a paddock of about 1.7 acres which is sheltered by a belt of mature woodland rising towards the top of St Catherine's Down and the Hoy Monument.

To the east of the grounds is a stone walled garden within the woodland. In the 1970's we understand there was planning consent for holiday units to be built around the walled garden.

(All photographs are 12 months old)

Occupancy
Vacant

Tenure
Freehold

Buyers Fee
The buyers fee is £1500 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Follow the link for more information:
        
onthemarket.com

  
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