Rectory Mansion, a historic landmark building which used to house the famous Brading Waxworks, is on the market.

The iconic Tudor-style building is on the main road through the centre of Brading, and could be yours via Clive Emson Auctioneers.

It goes under the hammer with the auction ending on Wednesday, May 1, with bidding live 48 hours before.

The guide price is £200,000 to £220,000.

The commercial investment at 46-48 High Street, with planning permission for partial residential conversion, is arranged as business/retail units let to a number of smaller occupiers.

Rob Marchant, Island auctioneer for the regional land and property auction firm, said: “Currently let at £27,126 per annum, plus three empty units, the potential rent fully let is £38,571 per annum.

"The property is producing a healthy commercial income, with scope for additional income subject to the letting of the three vacant units.”

There is planning consent for the upper two floors to be converted into residential accommodation, with continued commercial activity on the ground floor.

Rob added: “The building is centred around a most attractive central courtyard and it is considered that Rectory Mansion would make a charming addition to an income-producing property portfolio.”

Joint auctioneers are Island firm Scotcher & Co.