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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3 225979, School Green Road, Freshwater

PRN: 225979

3                                                 225979
  • Opportunity to purchase a whole building with ground floor commercial premises plus separately accessed 3 bedroom flat over
  • Located in arguably one of the highest footfall areas of Freshwater adjacent to Sainsbury's Local and Hurst's Ironmongers
  • Ground floor retail runs to a total of approx. 71.7 m (771 ft)
  • For Sale with offers invited "in the region of" 195,000 for the freehold interest of the whole building
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Clarence Buildings 214592, Freshwater  - UNDER OFFER

PRN: 214592

Clarence Buildings                            214592
  • Ground Floor Shop for sale in the centre of Freshwater
  • Formerly one of HSBC bank premises, it is supported by many local specialist retailers and estate agents with on-street parking
  • Shop unit runs to circa 36.71m (395ft) including kitchen/staff facilities and has the benefit of a ramp to the front entrance
  • For Sale with offers invited "in the region of" 57,000 for the long leasehold interest of the ground floor shop premsies. (A lease option may also be considered s.t.terms)
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The Natural History Centre 201648, Coach House, High Street, Godshill, Ventnor

PRN: 201648

THE NATURAL HISTORY CENTRE        201648
  • Very rare opportunity to acquire a substantial family home with link to a business in the centre of Godshill
  • Currently trading as The Natural History Centre but could lend itself to Tea Rooms or a variety of other commercial uses, subject to any necessary relevant consents
  • Currently laid out as a 4 bedroom family home plus retail shop. 2 of the rooms currently used as The Museum + substantial drive & off-street parking to the front
  • For Sale with offers invited "in the region of" 575,000 for the freehold interest of the whole property and grounds
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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 For Sale by Auction via Clive Emson Auctioneers 22nd September 2021 unless sold prior. Guide price is 280,000 to 300,000 for the Freehold interest of the whole building
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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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30, High Street, Newport

PRN: 200126

30
  • Ground Floor retail unit available in popular High Street area
  • Double fronted unit next door to Watson Bull & Porter Estate Agents, with a frontage of 6.9 metres to Newport's busy High Street
  • Ground floor unit runs to a total area of 62.4m (671 ft) including staff facilities
  • Retail space available to rent at 11,750 p.a. or whole building may be offered for sale by separate negotiation
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Lugley House 209791, Lugley Street, Newport

PRN: 209791

Lugley House                                209791
  • Substantial, attractive office building in the centre of Newport with generous parking to the rear
  • The building currently is split into office accommodation arranged over 3 floors running to circa 495 m (5,321 ft)
  • A lease has been agreed on the property which is about to be put in place. Rent agreed is 45,000 p.a. Details to follow
  • For Sale with offer invited "in the region of" 530,000 for the Investment Property Freehold
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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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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 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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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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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. NB. A private mortgage is available if required
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162, High Street, Ryde

PRN: 200486

162
  • Central High Street location in the heart of Ryde's shopping precinct
  • Close to many well known High Street names such as Superdrug, The Card Factory and Specsavers
  • Unit runs to a total of 836 ft (77.6m) over 2 floors
  • Offered by way of a New Lease at 9,500 per annum for the whole building
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10 To 11 214492, High Street, Ryde

PRN: 214492

10 to 11                                            214492
  • Mixed investment property in the centre of Ryde in the pedestrian part of the High Street
  • Property comprises 2 x retail units and 1 x 2 bedroom flat/maisonette on 2 floors over
  • Rental income for the property is 13,250 p.a. for the commercial elements plus 7,800 p.a. for the flat giving a total income of 21,050 p.a.
  • For Sale with offers invited "in the region of" 250,000 for the freehold interest of the whole property
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21 And 22 209942, Cross Street, Ryde  - UNDER OFFER

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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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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Car Park At 225859, 1 Buckingham Road, Ryde

PRN: 225859

CAR PARK AT                                  225859
  • Rare opportunity to acquire a 20 space car park in the centre of Ryde which have been letting at 1,000 per space per annum
  • Well located being within walking distance of the town centre and also residential flats & houses requiring a parking space in town
  • The Car Park benefits from 2 x Electric Charging Points, is tarmaced throughout and will have a security barrier installed
  • For Sale with offers invited "in the region of" 250,000 for the Freehold interest of the site
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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 new 3 year lease from 22 March 2021 at 6,000 per annum
  • For Sale with offers invited "in the region of" 65,000 for the long leasehold interest
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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 31,716 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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Development Site At 226157, The Store, 1 Crescent Road, Sandown  - UNDER OFFER

PRN: 226157

DEVELOPMENT SITE AT               226157
  • Potential site for 3 to 4 properties, subject to planning in Crescent Road Sandown
  • Pre-Application made for the site has received a very favourable response, suggesting it may be beneficial if more units could be added
  • Block plans produced suggest potential for 3 x houses, a mix of 2 & 3 bedroom units, plus a 1 bed flat over the parking area
  • For Sale with offers invited "in the region of" 260,000 for the site and the adjacent garage block
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South Wight Rentals 205663 , Meadowside Newport Road, Sandown

PRN: 205663

SOUTH WIGHT RENTALS                   205663
  • Very rare opportunity to acquire a Car and Van Rental business plus a Used Car Sales Site on one of the busiest roads on the Isle of Wight
  • The Site is next to Morrisons, opposite Aldi & adjacent to KFC, a Premier Inn & Marston's Public House
  • Current business runs 6 x Hire Vans and 9 Hire Cars plus a substantial Used Car Sales Site able to support a further 50 cars
  • Oiro 75,000 for the Van & Car Hire Business + The Used Car Sales Site, plus s.a.v. Simultaneous with a New 7 Year Lease for The Used Car Sales Site, see below for details. Sale of the Freehold Site also considered. P.O.A.
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Parkbury Hotel 219132, 29-31 Broadway, Sandown

PRN: 219132

Parkbury Hotel                                    219132
  • Rare opportunity to acquire substantial site on the Broadway, Sandown
  • Site is currently occupied by the former Parkbury Hotel, now closed
  • The Site runs to circa 2,930 m, almost 3/4 acre, with the approximate gross exterior area of the ground floor running to circa 833 m
  • For Sale with offer invited "in the region of" 450,000 for an unconditional purchase of the freehold site
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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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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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2 Medina Cottage 225826, High Street, Seaview

PRN: 225826

2 Medina Cottage                             225826
  • Located in the centre of this very popular sailing village, close to beaches, shops, cafes, etc
  • Building comprises Reception/Showroom, B2 Commercial Unit & A1 shop front plus 2 storey, 2 bedroom, 2 bathroom residential space
  • Ground floor Commercial space runs to a total of circa 33 m (352 ft) plus ancillary Store/Lobby
  • Whole building for sale with offers invited "in the region of" 350,000 for the freehold interest of property
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Investment Of 2 & 4 Pier Rd & 4 High St, Seaview

PRN: 226142

INVESTMENT OF 2 & 4 PIER RD & 4 HIGH ST
  • Two shop premises located on the corner of Pier Road and High Street in the centre of Seaview
  • One shop is a Gallery, held on a new 5 year lease from January 2021 and the other a retailer of homeware and gifts, held on a 7 year lease from December 2019.
  • The combined passing rent for both shops is 8,400 per annum
  • For Sale with offers invited "in the region of" 115,000 for the residue of a 999 lease of the whole building
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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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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). The 6 flats were previously let at circa 400 pcm plus owner's maisonette
  • For Sale at offers "in the region of" 395,000 for the freehold interest of the whole building
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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" 369,950 for the business, goodwill, trade fixtures and non personal fittings. Plus stock at valuation.
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