Land for sale in Little London, Newport, Isle Of Wight PO30

POA
Land for sale 0.6 ac*
Interested in this property? Call +44 1202 984134 * or Request Details

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Property description

Location


A rare opportunity to acquire an undeveloped site in central Newport, situated 0.4 miles distant from the town centre and therefore well placed for a wide variety of amenities. Little London is close to Newport Harbour and overlooks the River Medina. Access to the property is via a tarmac drive off Little London Road.


Description


The site is at present occupied by a former warehouse with its supporting offices on a plot extending to 0.22 hectares (0.56 acres). The conclusion of a recently completed ground investigation study indicates that “there is no significant potential soils contamination”. Planning Consent has been obtained for demolition of a section of the existing building and conversion of the remainder of the existing structure to form 21 residential units along with 23 car parking spaces of which we understand material works are underway. It is considered the flats will be ideally suited to resale into the local market or for retention for their income producing potential.


Planning


Planning Permission has been granted by the Isle of Wight Council, under ref: P/01398/12-tcp/06124/H dated 24th December 2012, for demolition of section of building; alteration, extension and conversion of redundant industrial building to form 21 residential units to include associated access, parking, cycle and refuse stores, landscaping and amenity areas, subject to conditions.


Proposed
accommodation


Typically, each one-bedroom flat will comprise Entrance Hall, Living Room, Kitchen, Bedroom and Bathroom with WC. Each two-bedroom flat will comprise Entrance Hall, Living Room, Kitchen, 2 Bedrooms, en-suite Bath/Shower Room with WC and Family Bathroom with WC.

Due to the shape and nature of the property, some of the accommodation will be varied from the above. The Planning Consent allows for 23 car parking spaces, along with landscaping, bike and bin stores and communal areas.


Rateable value


The property is listed on the Valuation Office Agency website with a Rateable Value of £2,550 (April 2010). Interested parties should make their own enquiries of the local authority to verify the business rates payable.


Price


Offers invited.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
James and Sons, BH14 on +44 1202 984134 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by James and Sons, and do not constitute property particulars. Please contact James and Sons for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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