Former Hotel With HMO Licence And Planning Consent

Roseglen is typical of many former seaside hotels, having previously provided holiday accommodation which is no longer required with people's changing holiday habits.

The freehold building is situated in a prime location in Shanklin, a pretty seaside town on the east coast of the Isle of Wight. The beach and seafront are a short distance to the east, while the town centre is situated a few hundred yards away.

In common with many similar buildings the property now needs to be re-purposed and, accordingly, the current owners have obtained an HMO licence from the Isle of Wight Council. Six of the former hotel rooms are now let under the terms of Assured Shorthold Tenancy Agreements and are producing a worthwhile income.

Additionally, the current owners have also obtained planning permission for conversion into eight residential flats, which will be ideally suited for addition to an income producing letting portfolio or potentially for re-selling to the local marketplace. The new apartments will be a mix of one and two bedroom units.

Tenancies

Room 5

Currently vacant.

Room 8

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £160 per week.

Room 9

Currently vacant.

Room 10

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £140 per week.

Room 12

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £260 per fortnight.

Room 14

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £140 per week.

Planning

Planning Permission has been granted by Isle of Wight Council, dated 18th December 2025, under reference: 25/01611/FUL for proposed change of use of hotel into eight residential flats with associated alterations, subject to conditions.

A copy of the Planning Permission and accompanying documents are available to download from the Local Planning Authority website: iow.gov.uk Tel: 01983 823552.

Auctioneer's Note

Previous planning applications to the Isle of Wight Council for conversion into a HMO were refused under application references: 22/00752/FUL and 23/00228/CLEUD. However, a licence for HMO use has been issued by the Council for a term of five years from 29th January 2025. A copy of the licence will be available within the legal pack, available to download from the Clive Emson website.

Auctioneer's Note 2

The Office Copy Entries state that the address of the property is The Roseglen Hotel, 12 Palmerstone Road, and 5 to 9 (Odd) North Road, Shanklin. 5-9 North Street have been sold on long leasehold titles. Further information will be available within the legal pack.

Auctioneer's Note 3

From 1st May 2026 the tenancies referred to above will become rolling tenancies and referred to as Assured Periodic Tenancies.

EPC Rating

C (75). Total Floor Area 629 sq.m.