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

SHANKLIN - A very rare and unusual business opportunity available now for sale due to our client’s retirement plans, comprising the beach and revetment at Small Hope Beach, an area very popular with both locals and holiday-makers alike.

 

Offered to include the existing beach huts and service/storage hut, these IWC concessions allow for annual and casual letting of the beach huts, coupled with the hire of beach furniture and accoutrements etc. all in this delightful, traditional beachside location immediately to the east of the main Esplanade.


The concessions are held on the balance of a 20 year and 10 year lease arrangement respectively, and are offered where appropriate with the benefit of the existing beach huts, equipment and hire goods.

 

EPC – N/A

 

Price Guide - £245,000

 

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NEW INSTRUCTION

 

FRESHWATER - Situated between Freshwater and Freshwater Bay in private gardens and grounds of some 2.3 acres, this unusual opportunity comprises the main premises, incorporating five elegant B&B en-suite rooms plus a further six bedrooms, a large kitchen and ancillary accommodation plus equivalent reception rooms, coupled with a detached single-storey three-bedroom self-catering cottage, and if required an adjacent detached 1980s four-bedroom house.

 

The main property also includes a number of outbuildings, including an art studio, and we believe it could suit a wide variety of occupiers and users, subject to obtaining any necessary consents, whilst currently offering a mix of tourist and other accommodation.

 

Offered with the benefit of ongoing bookings if required, this opportunity is otherwise offered with vacant possession upon legal completion and it should be viewed to be fully appreciated.


Freshwater is the main West Wight town; however, the West Wight in general is noted for its fine countryside and beaches and is an area popular with both tourists and locals alike.

 

EPCs - TBC

 

Price Guides:

Main Building - £800,000 Freehold

Adjacent 4-bedroom House - £330,000 Freehold

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UNDER OFFER

 

 

 

VENTNOR INDUSTRIAL ESTATE

 

A most unusual opportunity to purchase ‘The Cave’ at the above location, providing in total some 1,325ft² (122.91m²) plus some ‘loft storage’, with vehicle access and situated within this popular industrial estate local to Ventnor town.


Suitable for a variety of occupiers, subject to any necessary consents, and only available due to the owner’s relocation plans. The property is ideal as a workshop or storage or a combination of both, and opportunities such as this are extremely rare.

 

EPC – N/A

 

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SHANKLIN - An attractive and easily-managed lock-up shop providing some 251ft² (23.23m²) sales, backed by store room, staff area and WC, and unusually available to purchase on a freehold basis, situated overlooking the part-pedestrianised section of the High Street.


The premises could suit a variety of occupiers, subject to any necessary consents; however, it is available due to our client’s relocation plans and therefore trade as a florist will be restricted against.

 

EPC - TBC

 

Price Guide - £50,000 Freehold

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SHANKLIN - Lock-up shop unit available to buy within this popular resort town centre and suitable for a variety of occupiers, subject to any necessary consents. Available with the current tenant in situ.

 

Providing some 340ft² (31.6m²) and available on the basis of a new 125-year ground lease.

 

EPC – ‘C’

 

Price Guide - £45,000

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UNDER OFFER

WOOTTON - Of particular interest to developers, speculators and possibly owner-occupiers, this is an extensive detached double-fronted property available now for sale, overlooking one of the Island’s busiest main thoroughfares linking Newport and Ryde.

 

The property requires a good deal of remedial and refurbishment works and also offers some redevelopment potential. Currently comprising two shops, both backed by ancillary rooms, with former living accommodation over, backed by a rear potential courtyard area.

 

EPC - 'D'

 

Price Guide - £225,000 Freehold

N/B: Best and final offers are invited in writing to the agents no later than close of business on Friday 31st August 2018.

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EAST COWES - Spacious lock-up shop with adjoining store and garage to let, or the entire building to include the commercial aspect plus a 3-bedroom flat over (currently let) is available for sale.

 

Occupying a central corner location within the Town Centre and suitable for a variety of occupiers, subject to any necessary consents, the shop provides some 600ft\U00B2 (55.74m\U00B2) net sales, backed by the ancillary space.

 

EPCs – ‘D’ (Shop) & ‘F’ (Flat)

 

Price Guide - £165,000 Freehold

Rental Guide - £7,800 p.a.x. (£650 pcm)

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REVISED PRICE

FRESHWATER - An unusual residential development opportunity for sale in the Town Centre, comprising an extensive semi-detached premises now with p/c to provide a retail unit with four residential flats under ref number P/00293/18.

Possible further potential to incorporate the retail area as additional residential accommodation. Available for sale freehold and with early possession, subject to legal completion.

EPC - TBC

Price Guide - £195,000

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UNDER OFFER

NEWPORT - Town Centre freehold property over three floors, comprising a spacious shop with upper floors requiring modernisation and improvement, all backed by an enclosed courtyard area and brick outhouse.

 

Suitable for a variety of occupiers, subject to any necessary consents.

 

EPC – TBC

 

Price Guide - £100,000 Freehold

 

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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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UNDER OFFER

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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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 - 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 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.

 

N/B: Our clients also own the flat above the shop, which has recently been refurbished and offers spacious 2-bedroom self-contained accommodation over two floors and may be available to purchase with the shop subject to negotiations. Please ask for details.

 

EPC – ‘C’

 

Price Guide - £89,950

Rental Guide - £8,750 p.a.x.

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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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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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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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(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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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’

 

   

Scotcher & Co Commercial Properties - Isle of Wight