11 Lower St James StreetCommercial property for sale

£250,000
Withdrawn
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About this property

Development site for sale in central location in Newport.

LOCATION
Situated on Lower St. James Street, this development opportunity is in a great, central location.

Newport is the Isle of Wight’s County Town and has a population circa 25,500 (2011 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.

DESCRIPTION
Offered for sale is this investment development opportunity with planning permission for two different schemes.

Scheme 1:
Terrace of houses, flats and an office.

5 Terraced houses:
Two bedroom
Kitchen/ Diner
Living Room
Bathroom
WC

6 flats:
5 x one bedroom apartments with
Bathroom
Living Room
Kitchen
1 x studio apartment

Scheme 2:
Planning permission was granted in 2017 for 20 apartments but this has now lapsed.

Investment
Currently on site are 3 commercial units. These ground floor units are currently tenanted and generating an income of £21,200 per annum.

TERMS
Our client is asking Guide Price £250,000 for this freehold site.

PLANNING
Planning permission was granted for demolition of buildings and construction of proposed schemes. The current approval runs to 15th Feb 2022.

The plans and permissions can be viewed on iwight.co.uk/planning under application ref. P/01008/18.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.

Map

Brochure

Property Brochure

11 Lower St James Street

£250,000

Full PDF brochure containing all the details of the property in 11 Lower St James Street - £250,000

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Branch

Newport

The Estate Office, 138 High Street, Newport, Isle of Wight, PO30 1TY

01983 521144

[javascript protected email address]

Opening hours

  • Monday08:30 - 17:30
  • Tuesday08:30 - 17:30
  • Wednesday08:30 - 17:30
  • Thursday08:30 - 17:30
  • Friday08:30 - 17:30
  • Saturday09:00 - 16:00
  • Sunday -

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