INVESTMENTS/DEVELOPMENT SITES

KEY:  
p.a.x - per annum exclusive (rental only, utilities and rates are extra) 
p.w.x - per week exclusive (rental only, utilities and rates are extra)
s.a.v - stock at valuation
o.i.r.o - offers in the region of

 

ALL AREAS

 

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THE APEX, ST CROSS BUSINESS PARK. Extensive potential B1 (office and light industrial accommodation) also suitable for R&D (Research & Development) currently built in shell finish to provide unit sizes from approaching 900 ft² (83.6m²) upwards, available in bay multiples over ground or first floor as appropriate, all in a central Newport location and suitable for various occupiers, subject to any necessary consents.

Our clients will fit the accommodation to an appropriate specification. For light industry this can include electrically-operated up and over roller-shutter style doors. With regard to offices, price guides again will be determined by the eventual finish with air con available additionally if required.

Well-located within St Cross Business Park, just to the north of Newport Town Centre. Although the accommodation is available leasehold with rentals calculated from £8.50 per ft² + VAT subject to terms and specification, our clients will also consider the sale of units from £85 per ft² upwards, according to final specification.

EPC - TBC

Further details on application.

 

 

NEWPORT - Freehold mixed residential and commercial investment/development opportunities within the Island's main Town Centre. Comprising two adjacent mixed use properties, each providing two ground floor retail units with a self-contained flat over.

 

Available to purchase either together or separately.


The freehold is being sold subject to the existing business and residential tenancies in situ, which are unaffected by the sale.

 

EPCs – On Request

 

Price Guides:

88/88a/89 - £270,000

90/91/91b - £225,000

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LAKE - Former café premises, benefitting from p/c under P/01293/16 for change of use and conversion to holiday accommodation, available now for sale. Occupying a unique location adjacent to Cliff Path, linking Shanklin and Sandown above Sandown Bay.

The premises may suit refurbishment and reopening if so wished. Advised freehold.

EPC – N/A

Price Guide - £80,000

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NEWPORT - An attractive Grade II Listed end terrace three-storey property, in a favoured location within the Town Centre and benefitting from p/c for conversion to a town house, so therefore of particular interest to residential investors or possibly owner-occupiers.

Offered for sale with early vacant possession, subject to legal completion, and on a freehold basis.

Price Guide - £100,000 Freehold.

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REVISED INSTRUCTION

SHANKLIN - Town centre commercial premises extending to some 1,000ft² (92.8m²) on the ground floor, with an additional substantial basement of a similar size below more recently used as storage, with the property having scope for potential for conversion and needing extensive refurbishment, subject to any necessary consents.

Most recently an A2 (Financial & Professional Services) planning use, but again suitable for alternatives, subject to any necessary consents.

Offered for sale on a mostly freehold basis, to include the freehold of the separately sold off two flats above.

EPC – ‘D’

To be offered for sale on March 23rd 2018 at The Ageas Bowl in Southampton, in conjunction with the joint auctioneers, Clive Emson. Further details and catalogues available shortly on application to either agent.

Auction Price Guide - £70,000 +

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NEWPORT - An extensive premises providing some 5,403ft² (502m²) located in the heart of Dodnor Estate, in an area noted for a wide mix of commercial users. The property is for sale freehold and, as such, is a rarity and could suit a wide variety of occupiers, subject to any necessary consents.

 

Most recently trading as a retail showroom, trade counter and former motorcycle workshops, all with offices over and ample on-site parking. Available for sale due to our client’s retirement plans.

 

EPC – ‘C’

 

Price Guide - £300,000 + VAT

 

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RYDE - An unusual opportunity to purchase this ‘lifestyle business’ and premises, in a prominent location within the main Town Centre. Currently operating as a ceramic and art workshop, plus gifts and crafts retail, backed by a gated and covered courtyard.

Includes a large workshop, kiln room and significant additional investment income from the adjoining hairdressing salon and tea rooms (currently let), as well as a sizeable basement. All well-maintained and appointed, and offered - where appropriate – equipped as a going concern. Early inspection advised.

EPC – ‘C’

Price Guide - £235,000 (999-year ground lease)

 

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NEWPORT - Mixed commercial/residential investment for sale in the Island’s main Town Centre, comprising a terraced block of shops (two currently vacant) with converted residential flats over.

The property is, we understand, Grade II Listed, under a recently renewed tile roof and benefitting from recent external decoration – total current income: £49,055 pa. However, if fully let, potentially the income could increase to £66,550pa.

The property is offered for sale on a freehold basis, but subject to any existing tenancy arrangements in situ.

EPCS: ‘C’, ‘D’ and ‘E’

Price Guide - £625,000 + VAT

 

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UNDER OFFER

NEWPORT - Situated within the busy Riverway Trading Estate and suitable for a variety of occupiers, to offer an internal footprint of some 2,400ft² (223m²) of production/warehouse accommodation, backed by some mezzanine storage, plus on-site car parking.

The premises was originally constructed as two separate units. However, whilst it may be suitable for subdivision, it is offered for sale now as a whole.

EPC - 'E'

PRICE GUIDE - £200,000 Freehold

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UNDER OFFER

NEWPORT - A prominent and well-positioned freehold commercial premises for sale, in the heart of Dodnor Industrial/Trading Estate and well-suited for a variety of occupiers, subject to any necessary consents.

 

Providing some 2,850ft² (264.8m²) GIA, with parking to the front and the side of the property, the premises is offered for sale either with or without the existing business, fixtures, fittings and equipment by separate negotiation.

 

EPC – ‘E’

 

Price Guide - £225,000

 

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NEWPORT - An elegant Grade II Listed terrace of properties, currently used as offices but now with p/c for conversion to town houses if required.

 

Well-placed within the Island’s main Town Centre, close to the Guildhall and Magistrates Courts, and otherwise within easy reach of all local facilities, including the varied retail and leisure offering within Newport.

 

Originally, we understand, three town houses, currently linked and providing some 2,850ft² (264.6m²) net internal area (VOA areas), the properties retain a wealth of character features. They have been occupied for many years by a firm of solicitors and are now only available due to their relocation plans.

 

Our clients may also consider subdivision of the properties by appropriate negotiation.

 

Price Guide - £500,000 (for the whole) Freehold

 

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NEWPORT - An attractive Grade II Listed semi-detached property over three floors, with clear potential for residential conversion (planning consent in place), available now for sale due to our client’s relocation plans.

 

Situated just south of the Town Centre and within walking distance of a wide variety of local facilities, the property has for many years been used as offices, which have been extended and adapted over the years to provide the current accommodation, which our clients have now outgrown.

 

The property has a number of character features and we are expecting a good deal of interest to be encouraged.

 

The proposed floor plans for residential conversion show potentially 3/4 bedrooms, 3 reception rooms, a kitchen and a bathroom, with one small car space to the rear.

 

EPC – Exempt

 

Price Guide - £150,000 Freehold

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NEWPORT - Attractive Town Centre shop to buy or rent, to provide some 655ft² (60.85m²) in a popular mixed trading location just off the main High Street of Newport, and suitable for a variety of occupiers subject to any necessary consents.

 

If purchased, the property can be available with or without the existing tenancy arrangements in situ, which we understand shows a headline rent in the order of £9,000 p.a.x. Alternatively, we further understand that vacant possession is available.

 

EPC – ‘C’

 

Price Guide - £89,950

Rental Guide - £8,750 p.a.x.

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NEWPORT - Easily-managed commercial unit providing some 300ft² (27.9m²) overall and suitable for a variety of occupiers, subject to any necessary consents.

The property is available to lease or buy.

EPC – ‘D’

PRICE GUIDE - £55,000 Freehold. (Subject to the existing tenancy in situ)

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SHANKLIN - Town Centre retail opportunity with development potential to incorporate a self-contained two-bedroom flat, available now for sale. Situated in close proximity to Shanklin Theatre, between the Old Village and Regent Street.

Currently comprising a spacious shop backed by a range of store rooms etc. and with rear steps access from Prospect Road. P/C exists for the development if required.

 

EPC – ‘C’

 

Price Guide - £90,000 (Ground Leasehold)

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SOLD

SANDOWN - Ground floor corner premises, originally as three units but now conjoined, available to buy within this popular resort town.

The premises could suit a variety of occupiers, subject to any necessary consents, and provides in total some 825ft² (76.6m²) of business space.

EPC - TBC

This property is now to be offered for sale by public auction on Friday 23rd March 2018 at The Ageas Bowl, Southampton, in conjunction with our joint auctioneers, Clive Emson Auctioneers, on 01489 564606.

Auction Price Guide - £40,000 - £45,000

 

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NEWPORT - Modern warehouse building, providing some 8,000ft² (743m²), with excellent eaves height and additional yard/parking. Available now to purchase (or may lease STT) due to our client’s relocation plans.

 

Located within the Dodnor Industrial/Trading Estate, which itself is just north of the main Town Centre. Purchasing opportunities such as this are rare, therefore early interest is encouraged.

 

EPC – TBC

 

Price Guide - £625,000
(On the balance of a 125-year ground lease, 106 years unexpired)

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SHANKLIN ESPLANADE - Lock-up commercial unit providing net sales of some 340ft² (31.45m²) overlooking this popular beach and Esplanade and suitable for a variety of occupiers, subject to any necessary consents.

 

N/B: Please note that certain trading restrictions will apply, particularly against trade as a takeaway or food outlet.

 

EPC – ‘D’

PRICE GUIDE - £60,000

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COWES - A rare opportunity to purchase this easily managed and well-appointed and located shop unit within the High Street of this popular yachting town, within easy reach of the Red Funnel Red Jet terminus and other facilities. Net sales of about 400ft² (37.16m²) backed by ancillary/storage of about 225ft² (20.90m²). 

Available only due to our client's retirement plans and suitable for a variety of occupiers, subject to any necessary consents.  The accommodation has benefitted from extensive remedial and refurbishment works in recent years. 

EPC - 'D'

PRICE GUIDE - £145,000 (Ground Leasehold)

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SANDOWN - Occupying a prominent and popular trading location within the town centre, this extensive High Street property comprises a ground floor commercial unit (currently let) plus a spacious and very well-appointed three bedroom flat over, offered for sale now freehold. 

With net sales of some 1,125ft² (105m²) backed by prep and storage of about 820ft² (76m²) on the ground floor. The sale is subject to a new lease on the commercial element for five years from February 2017 at a passing rent of £13,200 p.a.x. Otherwise, the flat offers vacant possession upon completion.

Available for sale as a whole or separately by alternative negotiation.

PRICE GUIDE - £300,000

EPC  - Shop 'C'  Flat 'D'

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(Front Elevation)

(Rear Elevation)

NEWPORT - Commercial investment for sale in the Island's main town centre, to be sold freehold and subject to the existing tenancy in situ.

 

Adjacent to the Guildhall and currently let as a fast food outlet with potential, subject to terms and planning consent, for some on-site development. 

 

The property is mid-terraced with a return frontage to Quay Street in an area noted for a variety of occupiers including insurance companies, licensed premises and other food outlets.

 

PRICE GUIDE £175,000 - Showing from the current concessionary rent a yield before costs of 8.6%

 

EPC - 'D' Shop and 'G' Upper Floor

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UNDER OFFER

NEWPORT - Extensive and exceptionally well-appointed offices over first and second floors within the Town Centre and providing some 3,750ft² (348.4m²) NIA and suitable for various occupiers subject to any necessary consents.  Although available to lease, this property may also be available to purchase with potential perhaps for residential conversion.  Grade II Listed.

RENTAL GUIDE - £20,000 p.a.x.

PRICE GUIDE - £248,000

EPC 'N/A'

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WROXALL - Development opportunity subject to planning available for sale within the heart of this village located in the South Wight.                                                                       .

PRICE GUIDE AND FURTHER DETAILS ON APPLICATION

 
   
 
  

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EAST COWES - Residential investment opportunity, comprising 3 modern single-bedroom flats, available singly or in combination and all currently let on ASTs at £395 pcm. All with gas C.H.

EPC – ‘C’

PRICE GUIDES
Flat 1: Ground/First Floor - £75,000 (Ground Leasehold)
Flat 2: Ground/First Floor - £75,000 (Ground Leasehold)
Flat 3: First Floor (larger) - £80,000 (Ground Leasehold)

Further details on application.

 

Scotcher & Co Commercial Properties - Isle of Wight