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

.....................................................................................

FRESHWATER - A freehold investment property for sale within this popular West Wight town, with the ground floor shop and ancillary space currently let to Boots UK Ltd. and the first floor self-contained unit, previously a spacious 2-bedroom flat but more recently used commercially and currently vacant.

 

Further details, including current lease arrangements and investment return, are available via the agents, upon request and in confidence.

 

EPC - TBC

 

Price Guide - £185,000

.....................................................................................

UNDER OFFER

RYDE - A mixed commercial/residential investment offered for sale on a freehold basis, subject to any existing tenancies in situ, and currently comprising two spacious shop units and a self-contained two-bedroom flat over.

 

Although the premises is offered as a whole, due to separate titles one of the shops may be available separately by negotiation as a smaller investment. The overall premises reflects a gross yield before costs of 10.08%.

 

EPC – TBC

 

Price Guide - £180,000 Freehold.

.....................................................................................


SANDOWN - A highly unusual opportunity to purchase this three-storey residential property, enjoying a return frontage between the High Street and the popular Esplanade and beach, with fine views from the upper floors over Sandown Bay.

 

Of particular interest to owner-occupiers and maybe developers and investors, this property is available for sale for the first time in its history, having been in effectively the same family ownership since around the turn of the 20th Century.

 

The property may suit a form of subdivision and development into three individual apartments, possibly owner-occupier accommodation with one or two income-producing apartments, or it could remain as one large property, all subject to any necessary consents.

 

This is a unique opportunity, therefore early interest is encouraged and viewing advised.

 

EPC – N/A

 

Price Guide - £425,000 

.....................................................................................

SHANKLIN - Located overlooking Shanklin’s award-winning seafront and popular beach, and enjoying spectacular views, the property comprises a well-presented bar, restaurant and guest accommodation and is offered for sale as an investment, subject to the existing tenancy in situ.

 

The Waterfront Inn trades year-round and is licensed until 3am. Food is served all day during the peak season, and otherwise lunch and dinner service is offered all year.

 

The business itself has a very high turnover and net profit, with turnover increasing reliably each year.

 

EPC – ‘D’

 

Price Guide - £975,000 Freehold, subject to the existing tenancy in situ.

.....................................................................................

NEWPORT - An exceptional Grade II Listed property, currently configured as treatment rooms and offices but with the potential for a number of uses, subject to any necessary consents.

 

Now available to purchase, and situated just north of the main Town Centre in an area of mixed residential and commercial use, the property offers a good deal of character and charm over its three floors. It also benefits from a delightful central courtyard-style garden. Early inspection is strongly advised.

 

EPC - TBC

 

Price Guide - £285,000 Freehold.

.....................................................................................

COLWELL BAY - Occupying an enviable location above the revetment/Esplanade linking Colwell Bay and Totland, there are currently 12 available beach huts for sale.

 

Constructed in 2017 of timber and offering a rare opportunity overlooking this fine beach and the Solent to the mainland, each hut offers about 46m² (4.3m²) with double timber doors onto a raised part of the revetment.

 

EPC – N/A

 

Price Guide - £17,500 Each (Ground Leasehold) 

.....................................................................................

NEWPORT OUTSKIRTS - Situated about 1.5 miles west of the centre of town in a rural area, comprising 0.3 acres (approx. 13,000ft²) of mostly concrete-covered enclosed storage/compound facility, available to purchase.

 

EPC – N/A

 

Price Guide - £90,000

 

.....................................................................................

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. 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/Rental Guides:

Shop Only - £82,950

Whole Building - £210,000 (Passing Rental for the Whole Building - £14,580 pa)

Rental Guide (Shop Only) - £7,950p.a.x.

.....................................................................................

  

SANDOWN - Of particular interest to owner-occupiers/investors, comprising an extensive premises configured as a spacious owner’s flat, with two-bedroom flat above used currently as a holiday let, and above that on the top floor is a further apartment currently let on an AST.

 

The lower ground floor fronting the Esplanade is leased as a licensed restaurant/venue.

 

All the units are very well-appointed throughout and enjoy fantastic views over Sandown Bay from Luccombe round to Culver. Viewing is strongly advised to appreciate the extent and standard of the accommodation on offer.

 

Please note that this is a discreet instruction, and the property is being sold subject to any tenancies in situ.

 

EPC – TBC

 

Price Guide - £795,000 Freehold

.....................................................................................

 

 

NEWPORT - LAST REMAINING AVAILABLE UNIT within the ground floor of this modern larger premises, and suitable for a variety of uses, including offices, light industry, storage and distribution (Trade Counter) and available to buy or lease with early vacant possession.

 

Offered as a basic ‘shell finish’, although developer’s fit-outs can be considered by negotiation, Block C occupies a prime location within the popular and busy St Cross Business Park.

 

Offered as 1.5 ‘bays’ to provide some 1,320ft² (122.63m²) GIA with designated parking ratio.

 

EPC – N/A

 

Price Guide - £112,500 + VAT
Rental Guide - £11,250 p.a.x. + VAT
 

.....................................................................................


NEWPORT - Office/retail unit in a prime location within the main High Street, offered for sale (or possibly to let) with the upper parts, due to the existing occupier’s impending relocation plans.

 

Offering about 450ft² (41.8m²) potential net sales, currently partly subdivided, with three first floor rooms above totalling some 373ft² (34.7m²) and a further second floor of about 147ft² (13.7m²).

 

EPC – ‘D’

 

Price Guide - O.I.E.O. £125,000 (Freehold) / Rental Guide - On Application

 

....................................................................................

 


NEWPORT - Available for sale only due to our clients’ relocation plans is this prime-located and extensive detached commercial premises in the heart of, and overlooking the main thoroughfare within, one of the Island’s most popular trading and industrial estates.

 

Suitable for a variety of occupiers and also benefitting from investment income, the premises provides at ground floor about 8,200ft² (762m²) GIA, currently subdivided as the main trade area, ancillary storage and loading, adjacent workshops, offices and stores, plus G/F welfare facilities. Additional first floor administration offices provide about 1,250ft² (125.14m²).

 

The main original first floor offices are currently let to the Isle of Wight NHS Trust to provide an investment income of some £21,000 p.a.x. and extend to about 3,000ft² (278.7m²) plus ground floor lobby and office.


The site benefits from a prominent location and ample on-site parking, and could suit a wide variety of occupiers, subject to any necessary consents.

 

EPCs - TBC

 

Price Guide - £875,000 Freehold (VAT status TBC)

 

 ....................................................................................


 

NEWPORT - Prime-located retail investment opportunity in the heart of Newport, currently let on the balance of a lease from September 2017 to a national covenant. The accommodation is built over three floors, with a wide frontage to the main High Street.


The investment is to be sold subject to the existing tenancy in situ, and offers an initial yield of some 7.63% gross before costs.

 

EPC – ‘D’

 

Price Guide - £975,000

....................................................................................

REDUCED PRICE

NEWPORT - Town Centre freehold property over three floors, offered for sale or to lease with early vacant possession if required, and suitable for a wide variety of occupiers, subject to any necessary consents.

 

Ground floor net sales of some 760ft² (70.22m²), plus welfare and ancillary space. First floor offices with a net area of about 580ft² (53.88m²), plus staff/welfare facilities, supplemented by two second floor store rooms. Closed rear garden.

 

EPC - TBC

 

Price Guide - £155,000 / Rental Guide - £11,500 p.a.x.

....................................................................................

 

UNDER OFFER

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

 

.....................................................................................

 

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.

..................................................................................... 

 

   

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 - £180,000

..................................................................................... 

  

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

.....................................................................................

 

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 opportunity within the Island's main Town Centre. Comprising a mixed use property, providing two ground floor retail units (let) with a self-contained flat over (let).

 

The freehold is being sold subject to the existing business and residential tenancies in situ, which are unaffected by the sale. Gross annual rental income is currently approx. £23,000 p.a.x.

 

EPCs – On Request

 

Price Guide - £270,000

 

.....................................................................................

 

UNDER OFFER

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

 

.....................................................................................

 

  

 

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

.....................................................................................

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)

.....................................................................................

 

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

 

.....................................................................................

Scotcher & Co Commercial Properties - Isle of Wight