Key features
- Rare opportunity to acquire substantial site on the Broadway, Sandown
- The Site runs to circa 2,930 m², almost 3/4 acre, with the approximate gross exterior area of the ground floor running to circa 833 m²
- Site is currently occupied by the former Parkbury Hotel, now closed
- For Sale with offer invited "in the region of" £450,000 for an unconditional purchase of the freehold site
Location
Located on the Broadway in Sandown, putting it within walking distance of Sandown Railway Station and down to the the extensive leisure, restaurant facilities and expansive sandy beaches that Sandown has to offer. Sandown forms part of the Sandown-Shanklin-Lake conurbation which wrap around Sandown Bay ensuring high numbers of visitors and tourists, boosting the local population of around 19,500. Sandown seafront is a magnet to tourists and locals alike flocking to the area to enjoy the beaches and tourist attractions including The Isle of Wight Zoo, Dinosaur Isle, Sandham Gardens Activity Park and Sandown Pier with its many rides and attractions
Description
The Site is currently occupied by the now closed down Parkbury Hotel. The Hotel once provided 40 bedroom accommodation with substantial bar area and restaurant. The site runs to approximately 2,930 m², almost three quarters (3/4) of an acre, with the ground floor gross external area footprint of the front buildings running to approximately 623 m² and the ground floor gross external area of the rear flat roofed 1970's extension, running to approximately 210 m². Thus, it could be considered possible that if a building of similar scale and mass is erected on the site to that currently occupied by the front set of buildings (i.e. the more traditional Victorian building) it may be possible to generate a property with a gross internal area of approximately 1,000 m² over two floors. It is likely that the Isle of Wight Council planning authority would want to see some decent amenity space and parking to the rear of the building, thus the site currently occupied by the 1970's extension may not be developable to residential use. These suggestions would, of course, all be subject to planning permission and any other relevant consents. It is worth noting, however, that various other hotels along the Broadway have been converted to residential use successfully over the years. Alternatively, the Hotel may convert back to an operational hotel, but would require extensive works to modernise the building and make it presentable for re-opening.
Terms
For Sale with UNCONDITIONAL OFFERS invited "in the region of" £450,000 for the freehold interest of the site
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on 01983 301434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com
Uniform Business Rate
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on 01983 301434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com
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