Lot 133: BLOCK OF FIVE SHOPS WITH A CHOICE OF PLANNING OPTIONS FOR RE-DEVELOPMENT

Commercial Investment - Isle of Wight
Commercial Investment - Isle of Wight
Proposed Planning Consent 1.
Commercial Investment - Isle of Wight
Proposed Planning Consent 1.
Commercial Investment - Isle of Wight
Guide Price £370,000 – £390,000 * + Fees
11 St James Street, Newport, Isle of Wight. PO30 5HE

Applicants may view the lot externally only

01489 564606

Mike Marchant/Rob Marchant

Currently comprising five commercial premises in the heart of central Newport, the Island’s county town, this freehold block benefits from two planning consents. The RSPCA are in occupation of two of the commercial units under the terms of short term tenancy arrangements at a rental of £14,000 per annum.

Planning Consent 1

Planning Permission has been granted by Isle of Wight Council under ref: P/01008/18, dated 15th February 2019, for demolition of the existing buildings and replacement with five two-bedroom houses, and five one-bedroom flats, a studio flat and office space, subject to conditions.

Proposed Accommodation

Commercial

Ground Floor

Office space and store room.

Residential

Five Houses

Each house comprising:-

Ground Floor

Living room, kitchen/dining room, utility room and cloakroom with W.C.

First Floor

Two bedrooms and bathroom with W.C.

Six Flats

Five flats comprising:-
Kitchen/ living room, bedroom and bathroom with W.C.

One studio flat.

Planning Consent 2

Planning Permission has been granted under ref: P/00914/16, dated 20th September 2017, for the demolition of the existing buildings and replacement with 20 flats and ground floor office space, subject to conditions.

Proposed Accommodation

Commercial

Ground Floor

Office and cloakroom/W.C.

Residential

Six Flats

Four flats comprising:- Kitchen/living room, bedroom and bathroom with W.C.

Two flats comprising:- Kitchen/living room, two bedrooms and bathroom with W.C.

First Floor

Three flats comprising:- Kitchen/living room, bedroom and bathroom.

Two flats comprising:- Kitchen/living room, two bedrooms and bathroom with W.C.

Two studio flats.

Second Floor

Three flats comprising:- Kitchen/living room, bedroom and bathroom.

Two flats comprising:- Kitchen/living room, two bedrooms and bathroom.

Two studio flats.

Viewings

External Only.

Auctioneer’s Note

Copies of the Planning Consents and proposed plans for each scheme will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Freehold with Part Vacant Possession

Map

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