About this property
Opportunity to purchase a development site in Newport.
LOCATION
Situated in Newport this site is in a fantastic central location within walking distance of the Town Centre.
Newport is the Isle of Wight’s County Town and has a population circa 25,407 (2021 census). The town offers various eateries, independent and multi-national retailers and easy links to the rest of the Island via the central bus station. The Islands business park and industrial estate are within a short drive as is St Mary’s Hospital.
DESCRIPTION
Offered for sale is a former gymnasium site with outline planning permission for the demolition of the current buildings and construction of 8 x 2 bedroom houses each with off road parking and outdoor space as below:
Plot 1 – Detached 2 bedroom house with garden and off road parking.
Plot 2 – End of terrace 2 bedroom house with garden and off road parking.
Plot 3 – Mid terrace house with 2 bedrooms, garden and off road parking.
Plot 4 & 5 – End of terrace townhouse, with accommodation over 3 floors. Roof terrace, courtyard and off road parking.
Plot 6 & 7 – Mid terrace house with 2 bedrooms, garden and off road parking.
Plot 8 – End of terrace house with 2 bedrooms, garden and off road parking.
Each plot offers the following overall internal dimensions:
Plot 1, 2, 3, 6, 7 & 8 – 70 sq m / 753 sq ft
Plot 4 – 79 sq m / 850 sq ft
Plot 5 – 85 sq m / 914 sq ft
These properties would be ideal first time buyer homes or indeed great to add to a residential lettings portfolio.
SERVICES
The site currently benefits from mains electric, water and drainage.
TERMS
This site is available with a guide price of £295,000. The site is held majority freehold with a portion of the site being held on a 999 year lease.
PLANNING
Outline planning permission was granted in May 2023 under reference No: 22/00054/OUT. Plans and permission can be viewed at iwight.com/planning.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 or email commercial@hrdiw.co.uk.
