Residential Development for sale

Little London, Newport, PO30

0.56 ac. | Offers Invited

Property Description

Commercial information

  • 0.56 acres (0.23 hectares)
  • Use class orders: C2 Residential Institutions

Key features

  • Plot extending to 0.22 hectares (0.56 acres)
  • Planning consent
  • Central location

Full description

Tenure: Freehold

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 enquiries of the local authority to verify the business rates payable.

PRICE
Offers invited.

More information from this agent

Nearest station

  • Smallbrook Junction (6.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

James & Sons, Poole

249 High Street North, Poole, BH15 1DX

01202 066097 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Smallbrook Junction (6.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

James & Sons, Poole

249 High Street North, Poole, BH15 1DX

01202 066097 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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