INVESTMENTS/DEVELOPMENT SITES
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| 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 |
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NEW
INSTRUCTION
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YARMOUTH - An unusual former railway station building most recently used as a youth centre in an enviable location on the edge of Yarmouth overlooking the River Yar estuary and nature reserve. The premises comprises a meeting room, hallway/lobby, shower room, separate ladies and gents w.c. facilities, former hall, kitchen/servery, hall/office and storeroom. We believe the existing use falls under Class Use D2, assembly and leisure, however we believe that a variety of alternative uses may be considered subject to any necessary consents. We further believe the property may fall within the 'flood plain' and therefore residential development is unlikely however our client will insert an overage clause in the sale contract to protect them in the event that a residential planning consent is obtained.
PRICE GUIDE - Offers In Excess Of £50,000 |
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NEW
INSTRUCTION
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BRIGHSTONE - An unusual village property comprising the former library building providing some 352 ft² (32.7m²) plus an external w.c. facility available now for sale freehold. The property is detached and of concrete panel construction under a tiled roof and offers a variety of uses subject to any necessary consents.
PRICE - Offers Invited (price guide on application) |
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NEWPORT - A design and build opportunity comprising a 1.27 acres (0.51ha) site with planning consent for B1, B2 & B8 uses with ancillary trade counter for a 15,000 ft² (1,394m²) or 25,000 ft² (2,323m²) unit available by way of a new commercial lease with terms to be agreed.
TERMS - By negotiation |
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SANDOWN - Of interest to investors, speculators and possibly owner occupiers a spacious shop currently let at £7,200 p.a.x. with upper floors providing 3 areas of living accommodation which is not formally divided, but independently assessed for Council Tax. Whilst the premises has a prominent frontage to the eastern end of the High Street we understand the accommodation benefits from rear pedestrian access from Albion Road.
PRICE - £189,500 Freehold |
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UNDER OFFER
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Offered on the instructions of the LPA Receivers
SHANKLIN - An elegant 20 bedroom hotel premises built around an original Victorian villa on the outskirts of this popular resort town. The accommodation comprises a reception office, main bar, games room, dining room, function room/restaurant, kitchen and 20 double bedrooms with ensuite facilities. The premises also benefits from a gymnasium, former sauna room and an indoor swimming pool with changing rooms. The Hartland Hotel traded until recently and is offered for sale with the remaining fixtures, fittings and equipment on an 'as existing' basis. Trading accounts are not available.
PRICE GUIDE - £400,000 Freehold to include the existing fixtures, fittings and equipment at the point of sale |
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RYDE - Offered on the instructions of the LPA Receivers.
A modern hi-tech 'headquarters' building providing some 12,000 ft² (1,115m²) GIA over two floors currently configured as production and offices with the benefit of 22 car spaces to the rear of the building. The property is located in a prominent corner position overlooking the main A3055 road linking Ryde to Sandown and Shanklin.
OFFERS INVITED PRICE GUIDE - £800,000 + vat |
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SHANKLIN - Double fronted hotel to provide up to 14 bedrooms and a separate single bedroom holiday bungalow in this superb virtually beachside location overlooking the Esplanade and Sandown Bay. The hotel features a bar/guest lounge, guest dining room, former living room/stockroom, commercial kitchen, office and laundry room on the ground floor and 14 bedrooms, mostly twins/doubles with ensuite facilities, some with fine views over the beach and Esplanade.
Available now for sale.
PRICE GUIDE - £495,000 Freehold |
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UNDER OFFER
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SANDOWN - A sizeable detached Town Centre house most recently used as an owner's flat plus letting rooms to provide an income now available for sale in this popular resort town. The accommodation is currently configured as ground floor owner's accommodation with the first floor rooms having recently been let to provide an income of £606 p.c.m. There is an additional former 'chalet' in the rear garden which is currently let as self-contained bed-sit accommodation at an additional £260 p.c.m. The property has potential fro a number of uses including a guest house, HMO or indeed a private residence subject to any necessary consents.
PRICE GUIDE - £195,000 Freehold and on the basis of existing tenancies in situ. |
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SHANKLIN - Residential investment for sale in the Town Centre comprising a well appointed property conversion to provide 2 x two bedroom flats and a 3 bedroom maisonette (town house) all currently let coupled with a ground rent from a ground floor shop to give an income amounting to £18,550 p.a.
PRICE - £270,000 on the basis of existing tenancies in situ. |
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SANDOWN- Of interest to owner occupiers, investors, developers and speculators this extensive and prominent premises most recently used as offices could be suitable for other uses or re-development subject to obtaining any necessary consents. The accommodation currently over two floors provides approximately 1,650 ft² (153m²) NIA at ground floor plus some additional storage and welfare facilities and at first floor approximately 1,770 ft² (164m²) NIA plus a kitchen and store. The premises also benefits from car parking to the rear. Available now for sale freehold.
OFFERS IN EXCESS OF - £200,000 |
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NEWPORT - Sizeable Town Centre freehold premises comprising a lock-up shop with ancillary accommodation and gardens with a self contained 4 bedroom flat over available to purchase. Understood to be freehold and subject to any existing tenancies in situ, currently the flat is let on an AST at £850 p.c.m. and the shop is under offer.
PRICE GUIDE - £235,000 |
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COWES - Modern industrial/warehouse premises of some 6,712 ft² (623m²) GIA incorporating part heavy duty mezz deck coverage and some internal offices available to buy or lease within this popular business park. Built in 2000 of steel portal frame under profile cladding and part brick elevationsthe building features double glazed windows, full height central roller shutter door, personal door and a sizeable designated car parking area to the front of the building.
INITIAL RENTAL - £32,500 p.a.x.
or
PRICE GUIDE - O.I.R.O. £350,000 |
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SANDOWN - Restaurant and take-away premises with extensive upper floor accommodation for sale or to lease in the heart of this popular resort town.
PRICE GUIDE - £225,000
or
RENTAL GUIDE - £20,000 p.a.x. |
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LAKE - Residential investment comprising 1 studio flat, 3 one bedroom flats and 1 two bedroom flat producing in the order of £26,200 p.a. gross income. We understand the property was converted some years ago and now presents itself very well, is generally in good decorative order and benefits from modern nightstore heating, double glazing to most of the main accommodation and gravel car parking to the front for a number of cars. There is also a well kept garden mainly to lawn and shrubs over two levels to the rear.
PRICE GUIDE - O.I.R.O. £300,000 FREEHOLD and subject to the existing tenancies in situ |
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RYDE - Of interest to investors and developers with the benefit of p/c for demolition and construction of 14 flats if required. Currently comprising 5 flats all let on ASTs coupled with a garage unit and ground floor retail accomodation the latter being we understand occupied and operated by our clients. Copies of the plans for the redevelopment are available on the Isle of Wight planning website under PIN number 02966/06.
PRICE - £550,000 |
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UNDER OFFER |
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