Newport, Isle of Wight

£1,550,000

Guide price

DESCRIPTION An opportunity to purchase a prime development site with full planning consent for 14 dwellings, a separate 4 bedroom house & further pastureland extending to 11.50 acres, with potential for alternative uses.

RESIDENTIAL DEVELOPMENT SITE—LOT 1 An opportunity to purchase a prime development site with full planning consent comprising of 14 dwellings, new access road, pumping station and landscaping and partial demolition of a dwelling.

Full planning permission was granted under reference 21/02479/FUL for 14 residential units, situated to the rear of the existing dwelling (155 Staplers Road-Lot 2). The proposed scheme includes a range of property types, including 6 x 2 bedroom bungalows, 5 x 3 bedroom houses and 3 x 4 bedroom houses. Each unit will have its own private garden, parking area and some will benefit from garages. Currently, the property is unused and includes a number of agricultural buildings, shed, greenhouse, stables, workshop and pole barn.

The site is located on Staplers Road, Newport, the attractive and popular county town central for the Island with easy access to the town centre supporting a range of shops, eateries and local schools. The towns of East Cowes and Wootton are both within a mile drive giving easy access links to the mainland by their respective ferry ports.

Lot 1 (Development Site) extends to 3.40 acres (1.38ha).

RESIDENTIAL PROPERTY—LOT 1 A detached, 4 bedroom property believed to date back to the late 18th Century, set back from the public highway enjoying gardens and grounds. The property, enjoys pleasant views from the first floor over its own land and beyond, including Spinnaker Tower. This property, is required to be partially demolished in order for the development site to commence. Please refer to the submission documents as per planning reference 21/02479/FUL.

The property currently comprises:

Ground Floor -

Hall

Bathroom

Cupboard

Office

Lounge/Diner with wood burner

Kitchen/Diner

Conservatory

Snug

First Floor -

Bathroom

Three Double Bedrooms

Master Bedroom, with en-suite

AGRICULTURAL LAND—LOT 2 Adjoining the north of the property, there is approximately 11.50 acres (4.65ha) of pastureland, enjoying views over Newport Town. The land is currently in grass and scrubland and is divided into three parcels.

Lot 2 extends to 11.50 acres (4.65ha).

GENERAL REMARKS AND STIPULATIONS

METHOD OF SALE The property is offered for sale by private treaty.

SERVICES, INFRASTRUCTURE AND ACCESS Lot 1 (Development Site) -There is mains water and electric to the development site, adequate for the current use. The planning permission shows that a package treatment plant is to be installed.

Lot 1 (House) -There are mains services (electric, gas, water and drainage) to the house.

Lot 2 -There is a livestock water connection to the pastureland.

LOCAL AUTHORITY Isle of Wight Council, tel: 01983 821 000, iwight.com

TENURE The property is being sold freehold, with vacant possession.

PLANNING Isle of Wight Council granted full planning approval under planning reference 21/02479/FUL. There are some pre-commencement conditions that will need to be discharged by the purchaser. The vendor has entered into a legal agreement (Section 106) with the council and the legal obligations and costs will be inherited by the buyer.

POST CODE PO30 2DP

PLANS, AREAS AND SCHEDULES These are based on the Ordnance Survey and are for reference only. They have been checked and computed by BCM and the Purchaser(s) shall be deemed to have satisfied themselves as to the description of the property. Any error or mis-statement shall not annul a sale or entitle any party to compensation in respect thereof.

LOTTING Lots 2 will not be sold away separately until Lot 1 has exchanged contracts.

ACCESS Lot 1 - Access to Lot 1 is off the public highway, Staplers Road.

Lot 2 - Access to Lot 2 is off the public highway, Staplers Road, over a private lane retained by Lot 1, hatched blue on the sale plan.

WAYLEAVES AND EASEMENTS The property is being sold subject to and with the benefit of all rights including; rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights and obligations, easements and quasi-easements and restrictive covenants and all existing and proposed wayleaves for masts, pylons, stays, cables, drains, water and gas and other pipes whether referred to in these particulars or not.

OVERAGE There is an existing overage provision applying to Lot 2 in favour of the previous owner. The overage deed confirms an overage provision applies at 35% over a 34 year term. There will be a new (separate) natural capital overage applying to Lot 2 entitling the vendor to 35% of the value of any nutrient (nitrate, phosphate, biodiversity or other) credits sold from the land by the purchaser, or their successors in title, for a 30 year period after completion of the sale.

VIEWINGS Viewings of the property are to be strictly with a member of BCM. Please contact the Isle of Wight office on 01983 828805 should you wish to arrange this.

HEALTH AND SAFETY Health and Safety Given the potential hazards of the site, which is typical of an undeveloped development site, we ask for your own personal safety to be very vigilant whilst visiting in order to avoid the risk of accident when making your inspection. All viewings and site visits must be organised with BCM and should always be accompanied by a member of BCM.

FIXTURES AND FITTINGS BCM will supply a list on request identifying clearly which items are included within the sale, which are excluded and which may be available by separate negotiation. This list is the sole arbiter of this regardless of whether items are referred to or photographed in these particulars

EPC/COUNCIL TAX BAND EPC (House) - E

Council Tax Band (House) - F

WHAT3WORDS ///typhoon. timed.offshore

SELLING AGENT BCM, Isle of Wight office, Red Barn, Cheeks Farm, Merstone Lane, Merstone, Isle of Wight, PO30 3DE 01983 828805