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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NEW INSTRUCTION

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 2,850ft (264.8m) 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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NEW INSTRUCTION

 

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 Islands 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 2,850ft (264.6m) 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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UNDER OFFER

SANDFORD (NR. GODSHILL)  - An unusual opportunity to purchase this rural small holding of some 7.22 acres (2.922 hectares) to include the existing 8-bay Oakley stable block, plus other outbuildings, and also benefitting from p/c for a new-build unit of holiday accommodation with parking.

 

Occupying a truly rural location, well away from the main Godshill to Shanklin thoroughfare, in an area noted for its scenic beauty and enjoying fine views and outlooks from all aspects.


The land is currently fenced and subdivided as former paddocks, and could equally suit agricultural or equine use.

 

Price Guide - 200,000 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 clients 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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(Unit 4)

 UNDER OFFER

TOTLAND BAY - A rare opportunity to purchase two lock-up garages, singly if required, in a block of similar units close to the centre of this popular West Wight village.

 

Early interest is encouraged from investors and occupiers alike.

 

EPC N/A

 

Price Guide - 15,000 each

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NEWPORT - Attractive Town Centre shop for sale, to provide some 655ft (60.85m) 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.

 

Available with or without the existing tenancy arrangements in situ, and currently showing a headline rent of 9,000 p.a.x.

 

EPC C

 

Price Guide - 95,000

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

The property is available to lease or buy.

EPC D

RENTAL GUIDE - 5,950 p.a.x.
PRICE GUIDE - 55,000 Freehold.

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REVISED PRICE

SHANKLIN - Lock-up shop unit available to purchase within this popular resort town centre and suitable for a variety of occupiers, subject to any necessary consents.

 

Providing some 340ft (31.6m) and to be sold on the basis of a new 125-year ground lease.

 

EPC C

 

PRICE GUIDE - 49,950

N/B: This unit is also available to rent, if required, at 6,000 p.a.x. subject to terms.

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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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REVISED PRICE

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

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

EPC - TBC

RENTAL GUIDE - 6,500 p.a.x.
PRICE GUIDE - 57,500 (Long Ground Lease)

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UNDER OFFER

NEWPORT - Modern warehouse building, providing some 8,000ft (743m), with excellent eaves height and additional yard/parking. Available now to purchase (or may lease STT) due to our clients 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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UNDER OFFER

RYDE - A town centre commercial investment for sale in this favoured location, to include a residential development opportunity to the rear, and situated close to Sainsburys Local, Liz Earle and a variety of popular boutiques and food/licensed outlets.

 

The commercial element is currently let to show some 8.33% yield before costs, with the upper floors of the main building sold off separately as residential units on long ground leases. The land at the rear has P/C for a new two-storey, two-bedroom dwelling fronting Union Road as part of the sale.

 

Price Guide - 350,000 (Balance of an original 999-year ground lease)

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SOLD

NEWPORT - Freehold detached building, currently arranged as an 'HMO' with six letting rooms, mostly let, with a potential rental income of some 26,700 pa. Situated a short walk from the main Town Centre.

 

EPC TBC

 

Price Guide on Application.

 

 

 

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SHANKLIN ESPLANADE - Lock-up commercial unit providing net sales of some 340ft (31.45m) 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 400ft (37.16m) backed by ancillary/storage of about 225ft (20.90m). 

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 1,125ft (105m) backed by prep and storage of about 820ft (76m) 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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NEWPORT - Extensive and exceptionally well-appointed offices over first and second floors within the Town Centre and providing some 3,750ft (348.4m) 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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SMALLBROOK - Approximately 36.9 acres (14.93 hectares) of agricultural/grazing land on the outskirts of Ryde. Comprising 6 parcels sub-divided by hedges and ditches previously used for grazing horses, but with potential for a variety of agricultural or other uses subject to any necessary consents. Available now by way of a new lease arrangement.

RENTAL GUIDE - On Application

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