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Property Description

Location
Cowes is a leading international centre for yacht racing located at the mouth of the River Medina, at the northernmost tip of the Island. The town’s population is just under 17,000 persons and easily doubles during Cowes week, in July/ August each year. The historic town centre is largely pedestrianised and offers excellent shopping, ranging from fashionable “lifestyle” branded clothing and “surf shops”, to local traders, a Co-op and Sainsburys Local food stores, together with lively bars and restaurants and a range of sailing supplies specialists.

Position
The site occupies an elevated position close to the junction of Egypt Hill with Baring Road and offers exceptional views across the Solent to Beaulieu, Southampton and Portsmouth.

Description and development proposal The site extends to 0.54 acres and comprises an existing bungalow and gardens in this exclusive part of Cowes. Planning consent has been granted for demolition of the bungalow, clearance of the site, with the exception of a number of protected trees, and the development of three luxury detached 3-4 bedroom houses with private gardens and parking for two cars each.

Proposal
This is a rare opportunity to acquire a site in this prestige location with planning consent for a luxury residential development totalling total 714m² (7,860 sq ft) GEA. Offers are invited for the site on a freehold basis, at a guide price of £900,000.

Further information
A number of technical reports will be made available to serious buyers regarding ground investigations and drainage, detailing foundation solutions and surface water attenuation proposals. Budget figures and full drawings are also available.

Planning details Consent is granted under application reference numbers P/00230/09, TCP/12261/D and P/01627/09, TCP/12261/E. Full details are available via the The Isle of Wight Council Planning Portal, at www.iwight.com/council/departments/planning

Agents Notes

Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.