Land For Sale £800,000
Description An opportunity to purchase a prime development site with outline planning consent for 4 detached units, equestrian buildings and pastureland, as well as a potential infill plot. Available as a whole or in three separate lots.
Lot 1—residential development site—3.68 acres Outline planning permission was approved at appeal under references (19/00677/out) & (app/P2114/W/21/3285500).
The approved dwellings would provide 3,4 or 5 bedroom units (subject to reserved matters being approved). All the dwellings would be two storey houses and each unit will have its own private garden and parking area.
Approval of the layout and scale has been established within the outline application, with the appearance, details of access and landscaping (the reserved matters) to be confirmed within a reserved matters application.
Lot 1 extends to 3.68 acres.
Lot 2—Stable Block & Pastureland—2.79 acres A wonderful opportunity to purchase an equestrian holding and pastureland with a stable block with further development potential (STPP). Lot 2 includes a number of grass field paddocks, all with post and rail fencing. The stable block comprises two loose boxes, a tack room and a hay store.
Lot 3—potential infill plot—2.25 acres Situated between Lots 1 and 2, Lot 3 extends to just over 2 acres of pastureland. Subject to necessary planning consents, due to the adjoining bungalow (403 Newport Road) as well as the proposed dwellings (Lot 1) could be considered under planning policy as an infill plot.
General remarks and stipulations
Method of sale The property is offered for sale by private treaty, available as a whole or in three separate lots. Please note, if sold separately, Lots 2 and 3 will not be sold until Lot 1 has transacted.
Services & Infrastructure A livestock water connection is currently connected to Lots 2 and 3; potential purchasers must undertake their own investigation to confirm if there are other services available within the vicinity.
Access If the lots are sold separately;
Lot 1 will benefit from a vehicular right of access over Lot 2 and 3 (area hatched orange on the sale plan) until such time when the new vehicular access is installed on Lot 1 directly onto Newport Road; following the installation the right over Lot 2 and 3 will extinguish.
Lot 2 will own the vehicular right of access via the 5-bar metal gate directly from the public highway, Newport Road.
Lot 3 will benefit from a vehicular right of access over Lot 2 (area hatched orange) until such time as when a new vehicular access is installed on Lot 2; then their previous rights over Lot 2 would extinguish.
Local Authority Isle of Wight Council, tel: ,
overage An overage provision is to be applied by the current vendors at a rate of 35% of the uplift in value over a 30-year term triggered by change of use planning permission and permitted development for Lot 3 only.
Tenure The property is being sold freehold.
Planning Planning Permission (outline consent) was granted under appeal reference app/P2114/ W/21/3285500 for 4 detached units. The planning permission contains a number of conditions that will need to be discharged by the purchaser. Further details can be made available to a prospective purchaser from the selling agents.
Post Code PO31 8PS
Plans, Areas and Schedules These are based on the Ordnance Survey and are for reference only. They have been checked and computed by BCM and the Purchaser(s) shall be deemed to have satisfied themselves as to the description of the property. Any error or mis-statement shall not annul a sale or entitle any party to compensation in respect thereof.
Fencing The boundaries to each Lot are pegged out on the ground; if the Lots are sold separately, new fencing to delineate the boundaries will be agreed between all parties.
Viewings The property may be viewed from the highway. Parties wishing to walk the site should arrange an appointment with BCM.
Fixtures and fittings BCM will supply a list on request identifying clearly which items are included within the sale, which are excluded and which may be available by separate negotiation. This list is the sole arbiter of this regardless of whether items are referred to or photographed in these particulars.
Covid-19 BCM does not guarantee a completely sterile environment. Please refer to our Viewing Protocol (available from the selling agents) for further information.
Planning stipulations The vendors have entered into a legal agreement regarding the development site (Lot 1) any Section 106 or Habitat Mitigation Payments will be transferred to the buyer of Lot 1 only.
Wayleaves and easements The benefit of all wayleaves, if any, relating to the land will transfer to the purchaser.
Lot 1—residential development site—3.68 acres Outline planning permission was approved at appeal under references (19/00677/out) & (app/P2114/W/21/3285500).
The approved dwellings would provide 3,4 or 5 bedroom units (subject to reserved matters being approved). All the dwellings would be two storey houses and each unit will have its own private garden and parking area.
Approval of the layout and scale has been established within the outline application, with the appearance, details of access and landscaping (the reserved matters) to be confirmed within a reserved matters application.
Lot 1 extends to 3.68 acres.
Lot 2—Stable Block & Pastureland—2.79 acres A wonderful opportunity to purchase an equestrian holding and pastureland with a stable block with further development potential (STPP). Lot 2 includes a number of grass field paddocks, all with post and rail fencing. The stable block comprises two loose boxes, a tack room and a hay store.
Lot 3—potential infill plot—2.25 acres Situated between Lots 1 and 2, Lot 3 extends to just over 2 acres of pastureland. Subject to necessary planning consents, due to the adjoining bungalow (403 Newport Road) as well as the proposed dwellings (Lot 1) could be considered under planning policy as an infill plot.
General remarks and stipulations
Method of sale The property is offered for sale by private treaty, available as a whole or in three separate lots. Please note, if sold separately, Lots 2 and 3 will not be sold until Lot 1 has transacted.
Services & Infrastructure A livestock water connection is currently connected to Lots 2 and 3; potential purchasers must undertake their own investigation to confirm if there are other services available within the vicinity.
Access If the lots are sold separately;
Lot 1 will benefit from a vehicular right of access over Lot 2 and 3 (area hatched orange on the sale plan) until such time when the new vehicular access is installed on Lot 1 directly onto Newport Road; following the installation the right over Lot 2 and 3 will extinguish.
Lot 2 will own the vehicular right of access via the 5-bar metal gate directly from the public highway, Newport Road.
Lot 3 will benefit from a vehicular right of access over Lot 2 (area hatched orange) until such time as when a new vehicular access is installed on Lot 2; then their previous rights over Lot 2 would extinguish.
Local Authority Isle of Wight Council, tel: ,
overage An overage provision is to be applied by the current vendors at a rate of 35% of the uplift in value over a 30-year term triggered by change of use planning permission and permitted development for Lot 3 only.
Tenure The property is being sold freehold.
Planning Planning Permission (outline consent) was granted under appeal reference app/P2114/ W/21/3285500 for 4 detached units. The planning permission contains a number of conditions that will need to be discharged by the purchaser. Further details can be made available to a prospective purchaser from the selling agents.
Post Code PO31 8PS
Plans, Areas and Schedules These are based on the Ordnance Survey and are for reference only. They have been checked and computed by BCM and the Purchaser(s) shall be deemed to have satisfied themselves as to the description of the property. Any error or mis-statement shall not annul a sale or entitle any party to compensation in respect thereof.
Fencing The boundaries to each Lot are pegged out on the ground; if the Lots are sold separately, new fencing to delineate the boundaries will be agreed between all parties.
Viewings The property may be viewed from the highway. Parties wishing to walk the site should arrange an appointment with BCM.
Fixtures and fittings BCM will supply a list on request identifying clearly which items are included within the sale, which are excluded and which may be available by separate negotiation. This list is the sole arbiter of this regardless of whether items are referred to or photographed in these particulars.
Covid-19 BCM does not guarantee a completely sterile environment. Please refer to our Viewing Protocol (available from the selling agents) for further information.
Planning stipulations The vendors have entered into a legal agreement regarding the development site (Lot 1) any Section 106 or Habitat Mitigation Payments will be transferred to the buyer of Lot 1 only.
Wayleaves and easements The benefit of all wayleaves, if any, relating to the land will transfer to the purchaser.
