Chartered Surveyors and Commercial Property Agents on the Isle of Wight & South Coast

INVESTMENT OPPORTUNITIES

This list is not exhaustive due to the confidential nature of commercial business some instructions will not be openly marketed. Please contact Gully Howard on 01983 822555 to for a discussion as we may be able to meet your requirements from our discreet listings.

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5a, Shooters Hill, Cowes

PRN: 204798

5a
  • Well presented building in a prominent location in the centre of Cowes. Ground Floor commercial & 2 bedroom flat over
  • The flat was re-developed & extended in circa 2009 to create a contemporary living space with substantial top floor terrace to the rear
  • Long established commercial premises. Tenants about to enter a new 7 year lease from May 2019 at 13,200 p.a.
  • For sale as a freehold investment at offers "in the region of" 400,000 subject to the existing tenancy
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21- 23, Shooters Hill, Cowes  - UNDER OFFER

PRN: 213359

21- 23
  • Located at the foot of Shooters Hill close its junction with the pedestriansed section of Cowes High Street
  • Adjacent to an entrance to Cowes Marina, the property is supported by many major retailers including Sainsbury's & Day Lewis
  • Building on 3 floors currently with 2/3 commercial properties at ground floor with potential to redevelop 1st & 2nd floors to residential use s.t.p.
  • For Sale with offers invited "in the region of" 420,000 for the whole building
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Investment Of 221167, 2 To 4 Clarence Road, East Cowes

PRN: 221167

INVESTMENT OF                         221167
  • Building located in the heart of East Cowes close to the Co-Operative
  • Comprising ground floor retail unit with flats on the upper floors
  • Ground floor shop unit runs to circa 73.4m (790 ft)
  • For Sale with offers invited "in the region of" 275,000 for the Freehold of the building, subject to existing tenancies
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The Gate, Public House , Coastguard Lane, Freshwater Bay

PRN: 205622

The Gate, Public House
  • Very rare opportunity to acquire a whole building in Freshwater Bay
  • Building comprises ground floor Restaurant & Bar with separately accessed One Bedroom Flat over
  • Ground Floor Restaurant/Bar area runs to a total of approximately 105.5m (1,135 ft) plus garden area
  • For Sale with offers invited "in the region of" 260,000 for the Freehold interest. Lease also considered. Rent 18,000 p.a.
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Site At Merrie Gardens 205575, (rear Of Marstons) Newport Road, Lake

PRN: 205575

Site at Merrie Gardens                     205575
  • Substantial area of commercial land located in Lake, in the centre of the Sandown, Shanklin, Lake connurbation
  • Site already supported by a newly built Marstons Inn, Premier Inns Hotel (under construction) and adjacent a proposed site for Aldi
  • Approximately 11 acres located off one of the busiest Island roads A3056 linking Newport to Shanklin, Sandown and Lake
  • For Sale or To Lease in whole or in part. Price on Application
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Investment Of Clintons Cards, 42 High Street, Newport

PRN: 222358

INVESTMENT OF CLINTONS CARDS
  • Well located Freehold retail investment in a prime pitch in the centre of the Island's County Town
  • Ground Floor 269.5 sq.m (2,901 sq.ft). Main retail area equates to 106 sq.m (1,140 sq.ft) ITZA
  • Let on Reversionary 5 year FRI Lease at current passing rent of 75,000 p.a.
  • Freehold Investment For Sale at offers "in the region of" 875,000 Net initial yield 8.12%
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Central Meats Building 204899, 64-65 Pyle Street, Newport

PRN: 204899

Central Meats Building            204899
  • Currently mixed use premises with potential for residential development subject to planning & any other relevant consents
  • Substantial premises over 2 floors facing both Pyle Street and Scarrots Lane to the rear
  • Total existing built stock runs to approx. 414m including approx. 68 m of covered yard predominantly occupied by a freezer
  • For Sale with offers invited "in the region of" 300,000 SUBJECT TO PLANNING
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Forget-me-not 200397, 69-70 St James Street, Newport

PRN: 200397

Forget-Me-Not                                           200397
  • A thriving and well established business in a very well maintained property
  • A clean and attractive trading style majoring on greetings cards, artists materials and associated items
  • The ground floor runs to a total of approximately 195.4m (2,103 ft)
  • For Sale with offers invited "in the region of" 125,000 for the business, ffgw plus 185,000 for the leasehold interest of the g/floor. Alternatively available on a New Lease at 17,500 p.a. plus 125,000 for the business,ffgw
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Investment At 206317, 130 High Street, Ryde  - UNDER OFFER

PRN: 206317

INVESTMENT AT                          206317
  • Affordable high yielding investment in Ryde High Street with future potential for growth
  • Property comprises ground floor retail with a one bedroom flat over
  • Ground floor retail runs to circa 20.1m(216 ft) and the building has a total current rental income of 6,780 p.a. gross
  • For Sale with offers invited "in the region of" 85,000 for the freehold of the investment property
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Investment Sale Of, 17 Cross Street, Ryde

PRN: 150619

INVESTMENT SALE OF
  • Investment Sale of tenanted ground floor shop unit in popular location in Cross Street, Ryde
  • The unit is currently trading under A1 retail and runs to a total of 60.9m (655 ft)
  • Current passing rent of 7,992 p.a. with 5 years remaining on the lease. Upper floor flats are sold off paying a ground rent of 16 per annum
  • For Sale at 70,000 for a quick sale, for the benefit of the long leasehold interest of the whole building with 850 years remaining
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31, Cross Street, Ryde

PRN: 50893

31
  • Whole Building comprising investment of the ground floor plus 2 floors over with planning for conversion to 2 x 1 bed apartments
  • Ground Floor shop is held on a 20 year lease from May 2015 at current passing rent of 8,500 p.a.
  • Planning permission, which has been implemented, for 2 x 1 bed flats on 1st and 2nd floors under TCPL/11903/G
  • For Sale with offers invited "in the region of" 190,000 for the freehold????? interest of the whole building. Alternatively upper floors only at Oiro 73,000
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Investment 203982, Whole Building, Ryde

PRN: 203982

INVESTMENT                                          203982
  • Opportunity to buy the Investment of a whole building in the centre of Ryde
  • Located amongst a variety of specialist retailers and eateries
  • The ground floor retail unit runs to a total of circa 43m (462 ft) including storage space to the rear
  • Whole Building For Sale (subject to existing tenancies) at 330,000 for the Freehold interest of the building
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Former Ryde Youth Centre 215798 18, 97 High Street, Ryde  - UNDER OFFER

PRN: 215798

Former Ryde Youth Centre            215798  18
  • Located at the South End of Ryde High Street and Formerly operated as Ryde Youth Club.
  • Building sits on a site of approx. 778m with the footprint of existing building running to approximately 360m (3,875 ft)
  • May suit many other uses or conversion to residential development, subject to any necessary consents
  • The Isle of Wight Council are now inviting Best & Final Offers for the property by 11th April 2018 at 1.30pm. Guide Price 185,000 for the Freehold.
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120, High Street, Ryde

PRN: 209502

120
  • Located towards the Western end of Ryde High Street
  • Building comprises ground floor retail unit plus 4 flats over on 2 floors
  • Current total gross income for the building is 26,400 per annum
  • For Sale with offers invited "in the region of" 295,000 for the freehold of the building subject to the existing tenancies
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Whole Building 209753, High Street, Sandown

PRN: 209753

WHOLE BUILDING                       209753
  • Commercial and Residential Investment property in busy location in South Coast seaside town
  • Commercial unit on the ground floor with 4 flats arranged over 3 floors
  • Current income of 28,968 per annum
  • For Sale with offers invited "in the region of" 325,000 for the Freehold of the whole building, subject to existing tenancies, showing a Gross Return of 8.9%
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Site At Savoy Court , Avenue Road, Sandown

PRN: 208205

Site at Savoy Court
  • Rare opportunity to acquire a substantial in-town site with sea views
  • Site running close to half an acre with some elements benefitting from sea views
  • Site benefits from outline planning under P/01281/14 for 19 apartments. However site could lend itself to alternative schemes s.t.p.
  • For Sale. Price on Application
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Plot To Side Of Curraghmore Hotel, 22 Hope Road, Shanklin

PRN: 220684

PLOT TO SIDE OF CURRAGHMORE HOTEL
  • Located in Hope Road, Shanklin, just before the descent to the Esplanade
  • Proposed scheme is for 8 x flats over 3 floors all benefitting from panoramic sea views and balconies or gardens
  • Outline planning for proposed development of 8 units running to 485 m GIA under TCP/02672/S, P/01285/17
  • For Sale with price NOW REDUCED to "offers in the region of" 460,000 for the Freehold of the site
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Summerhill Apartments, 4 Culver Road, Shanklin

PRN: 204073

Summerhill Apartments
  • Detached former Victorian gentleman's residence tastefully converted and operating as 6 self-catering holiday apartments
  • Established business set on a private road off the Coastal Footpath and affording stunning sea views
  • Accommodation for up to 22 guests, plus cots, with 3 bedroom owner's accommodation, parking and gardens
  • Available to purchase by way of an Auction Contract at a guide price of 450,000 for the freehold premises, fixtures, fittings & goodwill.
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Business For Sale 200318, Shanklin

PRN: 200318

BUSINESS FOR SALE                  200318
  • Well established Newsagents and Convenience Store located arguably in one of the busiest part of Shanklin
  • Retail premises over Ground and First Floor held on the residue of a 21 year lease from July 2004 at a passing rent of 18,500 p.a.
  • Unit runs to a total of 145.9m (1,570 ft) including staff facilities
  • For Sale with offers invited "in the region of" 150,000 for the business, goodwill, trade fixtures & fittings plus s.a.v.
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Investment At 221721, 67 Regent Street, Shanklin  - UNDER OFFER

PRN: 221721

INVESTMENT AT                     221721
  • Well placed shop premises in arguably one of the busiest shopping streets in the Sandown, Shanklin, Lake area
  • The building comprises ground and first floor retail plus 2 x residential flats both sold off on long leaseholds with a peppercorn rent of 10 p.a. each
  • Commercial premises run to approximately 62.8 m (677 ft) at a current passing rent of 9,340 per annum
  • For Sale with offers invited "in the region of" 105,000 for the freehold interest of the premises
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Investment Sale. The Waterfront Inn, 19 The Esplanade, Shanklin

PRN: 201204

INVESTMENT SALE. THE WATERFRONT INN
  • Very successful hotel, bar & restaurant business set on Shanklin's busy seafront
  • Ground floor bar & restaurant with large terraces overlooking Shanklin Bay plus 8 guest rooms
  • 15 year FR&I lease with no breaks and a headline rent of 70,000 p.a. rising potentially to 82,500 in Year 5
  • For Sale at offers "in the region of" 1,000,000 subject to the existing tenancy
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Investment At 221045, 34 Atherley Road, Shanklin

PRN: 221045

INVESTMENT AT                        221045
  • Well presented, substantial building comprising 7 flats
  • A mix of one and two bedroom properties all currently let on 6 monthly AST's
  • Current passing rent is 2,526 pcm equating to 30,312 per annum gross
  • For Sale with price now reduced to 395,000 for the freehold of the property subject to existing tenancies
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Oakdene, 2 Hatherton Road, Shanklin

PRN: 209483

Oakdene
  • Well presented residential investment property with owner's accommodation
  • Set close to the heart of Shanklin in a well thought of residential area
  • Property comprises 3 x 1 bedroom flats plus 2 bedroom owner's accommodation currently generating 17,580 per annum
  • For Sale with offers invited "in the region of" 350,000 for the freehold interest, subject to existing tenancies
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Unit At Corinthian Court, High Street, Shanklin

PRN: 206814

Unit at Corinthian Court
  • Substantial commercial premises with a 1 bedroom flat to the rear in Central Shanklin
  • Unit currently trades under A1 planning consent, but may suit other uses s.t.p.
  • Flat currently let on 6 month AST at 425 per calendar month plus potential rent from commercial element of 20,000 p.a.
  • For Sale with offers invited "in the region of" 250,000 for the premises
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Perks, 46 High Street, Ventnor

PRN: 203491

PERKS
  • Located in highly visible position opposite Spring Hill with public car parking adjacent
  • Building comprising ground floor pub/restaurant with flat on first floor & further living accommodation on lower ground floor plus storage, both have terraces
  • Ground Floor commercial space runs to circa 73.1m (786 ft) & whole building runs to circa 213m (2,292 ft) in total
  • Whole Building For Sale Freehold at "offers in the region of" 425,000 for the business, goodwill, trade fixtures and non personal fittings. Plus stock at valuation.
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Development Of The Wellington Hotel , Belgrave Road, Ventnor

PRN: 218539

DEVELOPMENT OF THE WELLINGTON HOTEL
  • Former Wellington Hotel occupying a plot with panoramic sea views over Ventnor Bay and the English Channel
  • Located in Belgrave Road, within a short walk of Ventnor Town Centre
  • Planning permission to change/convert the existing building to provide 13 x self-contained holiday apartments under TCP/23445/A
  • For Sale Offers invited in the region of 750,000 for the freehold of the site.
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