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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The Beach Hut, Forelands Beach, Bembridge

PRN: 152144

The Beach Hut
  • Upmarket dining venue specialising in Seafood in a stunning location overlooking Bembridge Beach
  • Around 70 external covers plus 10 inside
  • Caf with the additional benefit of a Beach Bar which is fully licenced
  • For Sale with offers invited "in the region" of 99,950 premises, fixtures, fittings & goodwill plus stock at valuation
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Former Brading Tea Rooms, 66 High Street, Brading

PRN: 202677

Former Brading Tea Rooms
  • Restored, historic and prominent building in Brading High Street with potential for many uses including Bed & Breakfast, Restaurant or Caf s.t.p.
  • Formerly traded as a Tea Rooms with 36 internal covers & further seating in the large rear garden. This now goes through to Lower Furlongs offering access from the rear for plenty of parking and possible development s.t.p.
  • Substantial building over 3 floors & potential to create owner's and/or letting accommodation s.t.p.
  • For Sale with offers invited "in the region of" 475,000 for the Freehold of the property
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9, High Street, Cowes

PRN: 200364

9
  • A rare opportunity to buy the FREEHOLD of a whole building in a prime location in Cowes High Street
  • Currently offering ground floor retail of circa 27.4m (295 ft) plus storage & kitchen with flat over
  • 2 bedroom flat over on two floors plus rear courtyard
  • Whole building For Sale with offers invited "in the region of 198,000 FREEHOLD
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The Stag 200361, 45 Sandown Road, Lake

PRN: 200361

The Stag                                            200361
  • Substantial detached pub in a prominent main road corner location close to the Merrie Gardens retail park
  • Currently management run with mainly wet sales
  • The residential accommodation over is currently let out and in need of upgrading
  • Whole Building for sale Freehold with offers invited "in the region of" 325,000
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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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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" 275,000 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, fixtures, fittings and goodwill together with a new lease at 17,500 p.a.
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Holyrood House , 11 St Thomas Square, Newport

PRN: 208961

Holyrood House
  • Well presented fully occupied mixed use investment in the centre of Newport, the Island's County Town
  • Building comprises 2 x ground floor commercial premises and 3 x residential recently re-developed flats over 1st & 2nd Floors
  • Gross total income for the whole property is 42,080 per annum
  • For Sale with offers invited "in the region of" 579,000 for the freehold interest of the whole building
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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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21 And 22 209942, Cross Street, Ryde

PRN: 209942

21 and 22                                       209942
  • Rare opportunity to acquire two substantial flats in need of total refurbishment in the centre of Ryde
  • Both flats have their own separate entrance and are arranged over two floors
  • Each flat runs to a very substantial figure of 110m (1,184 ft)
  • For sale with offers invited in the region of 160,000 for both flats. There is potential also to purchase the ground floor commercial unit. Price on application.
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Sale Of The Investment, 22 Cross Street, Ryde

PRN: 222662

SALE OF THE INVESTMENT
  • Shop in prominent location close to the junction of Union Street with High Street and Cross Street
  • Unit runs to a total of circa 46sq.m (495 sq.ft) plus toilet facility to the rear
  • Let on a 5 year FR&I lease from September 2019 at a current rent of 6,750 per annum
  • For Sale with offers invited "in the region of" 68,000 for the long leasehold interest, subject to the existing tenancy
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Whole Building At, 12 Union Street, Ryde

PRN: 200945

Whole Building at
  • Very well presented prestigious building in the centre of Union Street Ryde
  • Arranged over 4 floors with the commercial element currently occupying basement, ground floor and first floor wit 2 flats on the top floor
  • Total commercial space runs to circa 278m (2,992 ft) plus a 1 bedroom & a 2 bedroom flat
  • For Sale with offers invited "in the region of" 650,000 plus VAT for the freehold interest. There is NO transfer of business
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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  - UNDER OFFER

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 30,876 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 9.5%
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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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The Old Fort 50218, The Esplanade, Seaview

PRN: 50218

The Old Fort                                             50218
  • Highly profitable Free of Tie business in a prime seafront location with far reaching views to the South Coast
  • The Old Fort benefits from patronage from not only the second home owners in Seaview but is easily accessible from Ryde, Bembridge and St Helens, trading all year round due to its location
  • The property comprises ground floor bar/restaurant with substantial outdoor seating plus 3 bedroom owner's flat over
  • For Sale with offers invited "in the region of" 250,000 for the business, ffgw plus s.a.v. and by way of a New Lease at 60,000 p.a. A Sale of the Property may also be considered by separate negotiation.
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52, Regent Street, Shanklin

PRN: 200471

52
  • Prominent location in Regent Street, Shanklin's prime shopping street, comprising ground floor shop with upper parts
  • Whole building available to rent or buy. Relevant consents are currently being sought to convert upper parts to residential use
  • Whole building runs to circa 94 m (1,011 ft) and the ground floor retail unit to circa 47 m (506 ft)
  • Offered by way of a New Lease for the whole building at 7,800 per annum or For Sale at "offers in the region of" 95,000
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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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The Fawley Guest House 50790, 12 Hope Road, Shanklin

PRN: 50790

THE FAWLEY GUEST HOUSE            50790
  • Successful B&B located in Hope Road which leads directly down to Shanklin Esplanade
  • Currently trading as Bed and Breakfast premises
  • Laid out currently as 9 x Guest Rooms plus a Dining Room and a Guest Lounge
  • For Sale with offers invited "in the region of" 425,000 for the Freehold, goodwill, fixtures & fittings plus stock at valuation
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Investment Sale Of Whole Building, 34 High Street, Shanklin

PRN: 223435

INVESTMENT SALE OF WHOLE BUILDING
  • Well placed in the centre of Shanklin High Street with on-street parking adjacent and supported by other eateries and restaurants
  • Freehold of the premises available with the upper parts being sold off on a long leasehold
  • Caf is held on the residue of a 10 year lease from January 2017 at a current passing rent of 7,200 per annum
  • For Sale with offers invited "in the region of" 80,000 for the Freehold of the building
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The Nightingale Hotel 200344, 3 Queens Road, Shanklin

PRN: 200344

THE NIGHTINGALE HOTEL                    200344
  • Hotel enjoying enviable cliff top position with far reaching views over the English Channel
  • Hotel is decorated throughout to a good standard, however rooms overlooking the sea and public rooms are decorated to a very high standard
  • 31 bedroom hotel plus a substantial restaurant and games room
  • For Sale with offers invited "in the region of" 1,300,000 for the goodwill, freehold, fixtures and fittings (many of which are Antique & highly valuable) plus stock at valuation
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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 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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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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15, Pier Street, Ventnor

PRN: 219936

15
  • Whole building for sale in Pier Street with Ground Floor Retail Unit and Flat over sold off
  • The retail unit is in the busiest part of the street being between the centre of town and the beaches and Ventnor Esplanade
  • The shop runs to a NIA of 74.9m (806 ft) including storage area and staff facilities. Currently vacant but was producing 7,750 p.a. in rent
  • Whole Building For Sale at Oiro 65,000 for the Freehold interest
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Perks, 46 High Street, Ventnor

PRN: 203491

PERKS
  • FREEHOLD, FREEHOUSE in highly visible position opposite Spring Hill with public car parking adjacent
  • Ground floor Lounge/Wine Bar with first floor flat & further living accommodation on lower ground floor both with south facing terraces
  • Ground Floor commercial space runs to circa 73.1m (786 ft) & whole building to circa 213m (2,292 ft)
  • FREEHOLD whole building For Sale at "offers in the region of" 337,500 for the business, goodwill, trade fixtures and non personal fittings. Plus stock at valuation.
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33-35 200402, High Street, Ventnor

PRN: 200402

33-35                                         200402
  • Building comprises Ground Floor Retail with 4 residential flats over sold off on long leaseholds on 3 floors over
  • Ground Floor premises will be taken on a New 5 Year Lease to the current occupiers RSPCA at 15,000 p.a.
  • Ground Floor Unit runs to approximately 173.9m (1,872 ft) including a substantial dry basement
  • For Sale with offers invited "in the region of" 175,000 for the freehold interest of the whole building
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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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