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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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" 495,000 for the Freehold of the property
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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
  • Ground floor retail unit with flats on the upper floors. Total income 20,640 p.a.
  • Ground floor shop runs to circa 73.4m (790 ft) let on a New 5 Year Lease from 01 August 2020
  • 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 Stag 200361, 45 Sandown Road, Lake

PRN: 200361

The Stag                                            200361
  • Substantial detached pub in a prominent location close to the Merrie Gardens retail park
  • The ground floor bar, restaurant area run to a total of 88m (947 ft) plus the basement
  • The upper floors are currently let out and in need of upgrading
  • Ground Floor Pub/Restaurant premises available by way of a New Lease at 18,000 p.a. 1st Year incentives may be available s.t.t.erms. ALTERNATIVELY Whole Building For Sale at Oiro 325,000 Freehold
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3, New Road, Lake

PRN: 201685

3
  • Opportunity to convert former Isle of Wight Tours Building to residential use
  • The building presents in good order with split services and off street parking
  • Gross internal area of both properties runs to approx. 235 m (2,529 ft) with the possibility of creating 2 x 4 bedroom properties, subject to any relevant consents
  • For Sale, on behalf of the Joint Administrators. Price Now Reduced. Offers are invited "in the region of" 295,000 for the freehold interest of the property
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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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Garage And Yard 224156, Rooke Street, Newport

PRN: 224156

GARAGE AND YARD                                  224156
  • Rare opportunity to acquire lock-up garage with secured open storage to the side
  • Located on the outskirts of Newport close to the Hospital and Prisons
  • Garage runs to approximately 12.5 m GIA (134 ft) with the yard running to circa 12.5 m (134 ft )
  • For Sale with offers invited "in the region" of 15,000 for the Garage and Yard
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Central Meats Building 204899, 64-65 Pyle Street, Newport  - UNDER OFFER

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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Former Poundstretcher Unit, 95 High Street, Newport

PRN: 201317

Former Poundstretcher Unit
  • Located towards the western end of Newport High Street with on-street parking outside
  • Unit benefits from a substantial frontage of approx 13.5 metres (44 feet) to the High Street
  • Unit runs to a total of approx. 1,064.1 m (11,045 ft) over 2 floors
  • Available either by way of New Lease or For Sale Freehold. Price on application
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51, High Street, Newport

PRN: 208905

51
  • Prime retail unit in the heart of the Island's County Town
  • High footfall area of the town supported by retailers including The Body Shop, Vodaphone, J D Sports and B&M Stores
  • Ground Floor unit runs to approx. 109.6 m (1,179 ft) equating to 89.1 m (959 ft) ITZA with a frontage of circa 10 metres (32 feet) to the High Street
  • Available For Sale at "offers in the region of" 475,000. The unit may also be available to lease. Price on application.
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Former Claires Unit, 41 High Street, Newport

PRN: 224665

Former Claires Unit
  • Prominent retail unit in a prime location in Newport High Street supported by Boots The Chemist, Clinton Cards, EE Phones and Utilita
  • Unit benefits from substantial glazed frontage to the High Street
  • Unit runs to a total of approx. 114.7 m (1,234 ftm) including staff facilities on the first floor
  • Offered by way of a New Lease at 19,500 per annum
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87, Upper St James Street, Newport  - UNDER OFFER

PRN: 209602

87
  • Shop premises located in St James Street opposite to the new Dominos Pizza outlet and close to NEXT and OXFAM
  • Attractive Victorian shop front supported by 3 bedroom flat over and small garden to the rear
  • Shop runs to a total of 57m (613 ft)
  • For sale with offers invited in the region of 245,000
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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" 550,000 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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Former Toogood Plastics 200579 , Pritchetts Way, Rookley

PRN: 200579

Former TOOGOOD PLASTICS                  200579
  • Opportunity to rent or purchase a substantial industrial unit with a yard
  • Premises are well placed to service the whole of the Isle of Wight without the traffic issues associated with some of the larger Island towns
  • Unit runs to a total of 1,099.7 m (11,837 ft) including a mezzanine area to the rear
  • To Rent at 75,000 per annum or To Buy with offers invited "in the region of" 825,000
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2, Union Street, Ryde

PRN: 200279

2
  • Located in Union Street,close to the Esplanade, supported by many successful retailers, eateries and bars
  • Ground floor retail unit toilet and substantial basement plus 2 bedroom flat over on 2 floors
  • Available to buy the whole building as an investment. Total income currently 16,560 per annum
  • Whole building for sale with offers invited "in the region of" 225,000 for the freehold interest, subject to existing tenancies
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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
  • Previously let at 6,750 per annum, currently vacant
  • For Sale with offers invited "in the region of" 65,000 for the long leasehold interest
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128, High Street, Ryde

PRN: 206327

128
  • Highly visible location adjacent to the traffic lights in Ryde High Street on its junction with St Johns Road
  • Retail unit with 1 to 2 bedroom flat over with planning to create separate side entrance if required
  • Ground Floor Shop unit runs to approximately 31m (333 ft)
  • For Sale with offers invited "in the region of" 90,000 for the freehold interest of the building
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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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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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Public Toilets 52576, 8 Pier Street, Sandown  - UNDER OFFER

PRN: 52576

PUBLIC TOILETS                               52576
  • Prominent Site opposite the entrance to Sandown Pier
  • Rare opportunity to re-develop the site to form one or two cafe/restaurants or possible other uses s.t.p.
  • Both units run to a total of 387 m (4,175 ft ) including some outdoor space for the first floor unit. There is also opportunity to develop the new proposed toilet blocks adjacent to the main site
  • For Sale with offers invited "in the region of" 100,000 for the freehold interest of the site
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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 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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Plot Adj To Seagrove House 225273, Seagrove Manor Road, Seaview

PRN: 225273

PLOT ADJ TO SEAGROVE HOUSE     225273
  • Small area of land in Seagrove Manor Road, Seaview
  • Would suit many uses, including potential storage of boats etcetera
  • Irregular shaped site with a frontage of approx. 18 metres (59 ft) to Seagrove Manor Road and approx. 10.5 metres (34 ft) deep, running to a total of approx. 170 sq. metres (1,829 sq. ft)
  • For Sale with offers invited "in the region of" 25,000 for the freehold interest of the site
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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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The Central , 64 High Street, Ventnor

PRN: 200057

The Central
  • Opportunity to buy whole building comprising 7 Flats, Bar/Restaurant & Basement with development potential s.t.p.
  • Located in the centre of Ventnor adjacent to Tesco Express & opposite the town's main car park
  • The ground floor public areas run to approximately 168m (1,808 ft). Income from 6 flats is circa 28,000 p.a. plus vacant owner's flat
  • For Sale at offers "in the region of" 450,000 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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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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