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INVESTMENTS/DEVELOPMENT SITES
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ALL AREAS |
LAKE - Residential investment comprising 1 studio flat, 3 one bedromm 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 RYDE - Modern detached production/warehouse unit of some 10,000 ft² (929m²) incorporating a ground floor office suite plus mezzanine storage available by separate negotiation if required. The premises benefits from two sets of ladies & gents w.c. facilities, disabled w.c., kitchenette, 22'0" (6.7m) eaves height, 18'0" (5.5m) high loading door and parking to the front for 22 vehicles. Offered for sale, freehold properties such as this are rarely available. PRICE - £800,000 + vat 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 NEWPORT - Grade II Listed terraced character property currently appointed as offices over three floors giving 1,000ft² (92.9m²) NIA incorporating two w.c. facilities, kitchen and car parking for 5-6 cars now available for sale possibly for conversion to residential subject to any necessary consents. PRICE - £230,000 NEWPORT -Town Centre Grade II Listed premises of considerable character and charm available on a new lease or to purchase. Mostly recently used as a children's day nursery the office style accommodation comprises ground floor 960ft² (89m²) NIA, first floor 930ft² (86.4m²) NIA and second floor 540ft² (50.2m²) NIA and features a gas fired central heating radiator system SANDOWN - Modern three bedroom terraced house available for sale subject to the existing tenancies in situ located in a popular residential area of this resort town. The current rental income is £105 per week in respect of the house and £55 p.c.m. in respect of the garage understood to be let separately. PRICE - £139,950 EAST COWES - Lock up retail unit providing some 400 ft² (37.1m²) of retail space backed by a further 311 ft² (28.9m²) incorporating w.c. and wash hand basin, store cupboard and rear door to the service road intended for loading/unloading. Available now for sale on the basis of a new groundlease arrangement to be agreed, but expected to be in excess of 100 years at a nominal ground rent. PRICE GUIDE - O.I.R.O. £55,000 NEWPORT - Offered on the instructions of the Isle of Wight Council the a landmark Town Centre building suitable for a variety of uses subject to obtaining any necessary consents. The accomodation is over three storeys comprising 1,620 ft² (150.5m²) GIA at ground floor incorporating ancillary storage and w.c. facilities, 1,100 ft² (102m²) NIA at first floor and 1,100 ft² (102m²) NIA at second floor. Available for sale or to lease - full details and prices on application. SHANKLIN - A well appointed freehold property available for sale within this popular resort town currently as A2 offices but suitable for retail or food subject to any necessary consents. The accommodation overall provides some 750ft² (69.7m²) NIA and is backed by a w.c. & wash hand basin facility and a small storeroom. PRICE - £125,000
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INSTRUCTON
PRICE - O.I.R.O. £335,000
INITIAL RENTAL - £18,500 p.a.x.
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COWES - Workshop unit of some 1,685 ft² (156.5m²) plus mezz/office of approximately a further 500 ft² (46.5m²) available to buy within this busy industrial/trading estate on the outskirts of Cowes with the benefit of a current tenancy at will producing £850 p.c.m.x. PRICE - O.I.R.O. £120,000 |
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RYDE - A sizeable and prominent property with considerable potential for developers, speculators or indeed owner occupiers and now available on the market due to our client's retirement plans. The property comprises two adjoining shop units which are currently linked, additional first and second floor retail/storage, a well appointed three bedroom flat, a workshop and further storage/workshop facilities with a forecourt. The last area is currently subject to an existing planning consent for demolition and re-development as a pair of semi-detached houses. |
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SHANKLIN - Situated in the Town Centre and comprising a well appointed recent property conversion to provide 2 two bedroom flats and a 3 bedroom maisonette (town house) all currently let and coupled with a further ground rent from a ground floor shop to give an income amounting to £19,450 p.a. PRICE - £325,000 on the basis of existing tenancies in situ. |
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NEWPORT - Car parking comprising two areas each of 6 designated tarmac hard surfaced spaces either side of the access road between Dodnor Park and Daish Way. Alternatively individual spaces may be rented for periods of 6 or 12 months PRICE - O.I.R.O. £35,000 for the whole. |
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NEWPORT - Freehold Town Centre premises currently comprising a retail unit providing 600ft² (55.7m²) with 170ft² (15.8m²) at first floor and a further 280ft² (26m²) at second floor suitable for a variety of uses subject to any necessary consents. |
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SHANKLIN - 14 Bedroom hotel premises with the benefit of a current pub licence in a prominent location close to Shanklin Station and ideal for existing or possibly alternative uses including potential redevelopment as holiday flats subject to any necessary consents. If required, an extensive range of equipment, fixtures and fittings can be purchased by separate negotiation. |
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NEWPORT - Grade II Listed residential investment for sale comprising two spacious apartments (currently let) to provide an income of £1,145 p.c.m. |
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RYDE - Potential re-development site close to Ryde Town Centre currently comprising a retail unit with basic storage and rear yard/car parking for sale overlooking one of the main thoroughfares with planning consent for 4 single bedroom houses with parking and gardens. The site may also suit alternative uses or developments subject to obtaining any necessary consents. |
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CARISBROOKE - Residential investment for sale comprising a 3 bedroom modern terraced house with a recently fitted new kitchen privately let on a 12 month AST at £625 p.c.m. The property benefits from gas central heating and a garage nearby.
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These particulars do not constitute or form part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of VAT and it may be we are not aware of the VAT liability Scotcher & Co Commercial • 42 Lugley Street • Newport • Isle Of Wight • PO30 5HD Scotcher & Co. is a trading name of A.F.S. Properties Ltd. Company Reg. No. 4765406 - England. Directors: Mr A.F Scotcher, Mrs. S.J. Scotcher (Company Secretary). Registered Office: Bright Brown, Exchange House, St Cross Lane, Newport, Isle of Wight, PO30 5BZ |