About this property
Offered for sale is a site of approximately 13 acres with an extant planning permission for 89 dwellings (58 open market and 31 affordable) lying within the curtilage. An area of land not appertaining to the consent is also included.
LOCATION
Situated to the south east of Arreton, a village located midway between the county town of Newport and the seaside town of Shanklin. Conveniently situated to public footpaths and in close proximity to the cycle track, which offers miles of countryside walks and cycle ways all over the Island.
The village of Arreton has three local public houses, a village shop/post office, two churches, community centre, a primary school and a farm shop all within walking distance. The nearest supermarket is approx. 3 miles. The village also benefits from a regular bus service.
DESCRIPTION
Offered for sale is a level site measuring approximately 13 acres with views of Arreton Valley from North of site. The site has the benefit of an extant planning permission for 89 dwellings, a mix of bungalows, houses and apartments, please see attached accommodation schedule.
NB – Under Section 21 of the Estate Agents Act we are required to disclose that the owner of this property has a connected interest with Hose Rhodes Dickson.
TERMS
This freehold site is offered with a guide price of £3,950,000.
Overage may apply to the area of land included which lies outside the consent area.
PLANNING
(Planning permission was granted on appeal, reference no. APP/P2114/A/14/2213876.) All planning documents can be viewed at iwight.com by searching the application reference no. P/01870/12. A copy of the S106 agreement is available on request.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.
