Branstone, SandownCommercial property for sale

£199,950
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About this property

Opportunity to purchase an Agriculturally Tied property in a lovely location. This property is subject to an agricultural tie,please see description below.
The occupation of the dwelling shall be limited to a person solely or mainly employed or last employed, in the locality in agriculture as defined under section 290(1) of the Town and Country Planning Act 1971 or in forestry (including any dependents of such person residing with him) or a widow or widower of such a person.

LOCATION
Situated on the outskirts of Sandown, Branstone is a small hamlet to the east of the village of Arreton. The property is within a 10 minute drive of Sandown and Shanklin and within a 20 minute drive of Newport.

The property is located on Branstone Farm, the former educational study centre, and access is through the farm courtyard.

DESCRIPTION
A detached property offering accommodation over ground and first floors.

Ground Floor
Entrance Hall 10’" x 8’5" – a large entrance hall with storage/cloaks cupboard and stairs to first floor.
Living Room 22’7" x 11′ max – a lovely light room with sliding doors to rear garden. Serving hatch from kitchen.
Kitchen 10’9" x 9’7" – fitted with a range of kitchen units, space for under counter fridge and oven.
Lobby
Utility Room 8’1" x 6’8" – with sink and plumbing for washing machine. Gas boiler.
Separate WC

First Floor
Bedroom 1 11’1" x 11’1" – overlooking the rear garden.
Bedroom 2 11’2" x 11’1" – overlooking the rear garden.
Bedroom 3 8’8" x 7’5" – overlooking the front garden.
Bathroom fitted with a white suite comprising panelled bath, low level WC and pedestal basin. Storage cupboard.

Outside
The property is approached via a driveway leading to attached garage 17’7" x 9’8", with up and over door, power and window to rear.

The front of the property benefits from a lawned garden and various shrubs and borders.

The rear garden, measuring approximately 124′ from rear wall to the far end boundary, is a lovely south facing garden, laid to lawn with various shrub borders.

The property is double glazed and centrally heated throughout.

Agricultural Tie
This property is subject to an agricultural tie as follows:
The occupation of the dwelling shall be limited to a person solely or mainly employed or last employed, in the locality in agriculture as defined under section 290(1) of the Town and Country Planning Act 1971 or in forestry (including any dependents of such person residing with him) or a widow or widower of such a person.

Please note that only purchasers that satisfy the above criteria will be considered for this property.

For further information regarding agricultural ties and their restrictions please see link below:

http://www.legislation.gov.uk/ukpga/1971/78/section/290/enacted

It may be prudent to first discuss this property with a legal advisor prior to viewing. Also, for any purchasers requiring funding, mortgages on properties with planning restrictions such as this are very difficult to obtain, please speak to a financial advisor prior to viewing if you need a mortgage.

At present there is a planning restriction on sale of the house as it is stated it should remain with Branstone Farm. The Planning Authority has said this restriction is capable of removal, the sellers of the property are willing to enter a conditional contract based upon their applying to remove this restriction.

TERMS
Our client is asking for offers in excess of £199,950 for this freehold property. Please note that this figure represents approximately 30% discount from the open market unrestricted potential value.

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

Map

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Branstone, Sandown

£199,950

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Branch

Newport

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

01983 521144

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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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