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

Situated on the outskirts of Cowes, in an area noted for industrial and other commercial users, this industrial business park been developed in recent years by our client and is now offered for sale as individual investment blocks, either singly or in combination, as income-producing commercial investments.

 

The investments comprise the original central older Block 1, now subdivided into workshops and offices, all individually let, coupled with Blocks 2 and 3, which are detached developments of industrial/warehousing units, again individually let to produce income.

 

For full details of the accommodation on offer, please make enquiries of the agent by phone or e-mail.

 

EPCs – To Be Supplied

 

Price Guides:

Block 1 - £265,000 + VAT

Block 2 - £450,000 + VAT

Block 3 - £435,000 + VAT

 

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NEWPORT OUTSKIRTS - Terraced lock-up garage available to purchase in a quiet location on the western edge of Newport. The garage offers slightly wider than usual internal dimensions and is available on a freehold basis.

 

EPC – N/A

 

Price Guide - £12,000 Freehold

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NEWPORT - Freehold property for sale, comprising a mid-terrace older-style premises towards the Town Centre, incorporating a lock-up shop (currently let) and well-presented two-bedroom flat over, plus rear gardens. Of particular interest to investors or possibly owner-occupiers.

 

EPCs – Shop – ‘C’ and Flat - ‘F’

 

Price Guide - £145,000 Freehold.

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FRESHWATER - Freehold commercial property for sale, occupying an excellent trading location within the Island’s main West Wight town, and suitable for a variety of occupiers subject to any necessary consents. Current configuration is net sales of some 255ft² (23.7m²) backed by ancillary storage of about 260ft² (24.1m²), currently incorporating a former ‘cold room’.

 

Freehold opportunities anywhere on the Island are rarely available and therefore early interest is encouraged.

 

EPC – ‘D’

 

Price Guide - £80,000 Freehold

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COWES/NORTHWOOD - An unusual opportunity to purchase the freehold interest in this site and buildings, well-placed with return frontages between Newport Road and Nodes Road, and comprising an extensive site with parking and expansion space. The buildings provide some 4,000ft² (371.6m²) overall, incorporating a 2003 new-build of about 2,500ft² (232.25m²) plus the original older section.

 

The accommodation incorporates offices, food preparation areas, cold rooms (if required), retail shop and staff facilities. It has most recently has been used for the preparation and distribution of fresh foods (mainly fish) and associated products but could suit a wide variety of other uses and possible development, subject to any necessary consents.

 

EPC - 'C'

 

Price Guide - £375,000

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Eight secure car parking spaces (six still available), available singly or in combination, adjacent to the recently extensively refurbished Riverbank Estate, in turn an integral part of Riverway and within easy reach of the main Town Centre.

 

EPC – N/A 

 

Available leasehold at £500 p.a.x. + VAT per space.

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RYDE - Occupying a prominent location at the lower end of the popular Union Street and built over four floors, this potentially is a very elegant Grade II Listed property. However, it will benefit now from considerable internal works and improvements, so is undoubtedly an interesting ‘project’ for the right person, be it an owner-occupier or investor/developer.

 

Offered for sale with vacant possession and on a freehold basis to comprise basement, ground floor former takeaway/café and two floors above, with potential for a wide variety of occupiers, subject to any necessary consents.

 

EPC - N/A

 

Price Guide - £200,000

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NEWPORT - Freehold opportunity for sale in the Island’s main Town Centre and suitable for a variety of occupiers, subject to any necessary consents. The property comprises the commercial element over two levels of some 700ft² (65m²) incorporating rear ancillary space comprising a modern fitted kitchen area and WC facility.


The first floor incorporates a front office of 150ft² (13.9m²) plus landing and spacious WC facility (former shower room). The top floor comprises two rooms of some 280ft² (26m²) NIA. Early interest is encouraged.

 

EPC – ‘D’


Price Guide - £150,000

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UNDER OFFER

RYDE - Mid-terraced property providing a shop of some 470ft² (43.76m²) net sales backed by storage, kitchen and WC, with accommodation over comprising a former flat/offices, all available either on a new lease (from January 2019) or to purchase.

 

Well-positioned just beyond the southern end of the precinct and suitable for a variety of occupiers, subject to any necessary consents.

 

EPC - 'D'

 

Price Guide – £115,000

Rental Guide - £10,000 p.a.x. 

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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.

 

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 - £775,000 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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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 - UNDER OFFER

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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 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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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 - 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 - £80,000 (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)

UNDER OFFER

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