Leisure/hospitality for sale in The Revetment, Colwell Bay PO40

Guide price £17,500 (£378.09/sq. ft)
Leisure/hospitality for sale 4 sq. m*
Interested in this property? Call +44 1983 507372 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Constructed in 2017 of timber, there are currently 12 huts available, each offering 46ft² (4.3m²) with double doors onto a raised part of the revetment. This is a rare opportunity and early interest in the huts is encouraged.

We understand that the huts will be sold on the basis of a 10 year ground lease granted by Isle of Wight Council, attracting an initial ground rent payable for each hut of £700 pa + VAT.

A copy of the proposed heads of terms with regard to the ground lease is available on request from the agents to bona fide applicants and/or their professional advisors, and this contains certain preconditions.

Please note that new owners of the huts will have to undertake their upkeep and paint each year in the colour assigned by iwc in order to maintain the overall picture of the huts.

Property info

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

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For more information about this property, please contact
Scotcher & Co, PO30 on +44 1983 507372 * (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 Scotcher & Co, and do not constitute property particulars. Please contact Scotcher & Co 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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