Scotchells Brook Lane, Sandown

A multi-faceted residential, commercial and leisure property producing an excellent ROI.

Description - A multi-faceted leisure and residential property, comprising:

• Existing caravan park with a hire fleet of 57 static caravans, bar, clubhouse, ancillary buildings, and games field

• 20 privately owned holiday homes (14) static caravans and (6) lodges

• A 20-acre development site with extant planning consent for 33 holiday lodges, 85 touring pitches, 60 camping pitches, 15 glamping pitches (with most of the groundworks and infrastructure complete)

• Three dwellings, including a 5 bedroomed detached chalet bungalow and a pair of newly built 3-bedroom cottages

• 12 months holiday use across whole site

• 7 x developed bases with four New Luxury Lodges sited, included in the sale and 3 vacant developed pitches. The lodges are currently available for sale at £250,000/unit

• Further 9.5 acres of grassland suitable for further static caravans or lodges (subject to planning).

Income – Trading Profit And Loss Accounts - Turnover -

2020 -£375,658

2021 -£411,288

2022 - £856,693

2023 - £739,200

Adjusted net profit

2020 -£87,001

2021 - £181,135

2022 - £319,034

2023 - £155,121

Location Plan - Property Description and Numbers

Cheverton Copse Holiday Park - 1

Cheverton Copse Holiday Park Ancillary Buildings - 2

Cheverton House - 2

Cheverton Copse Holiday Park and Games Field - 3

1-2 Culver View - 4

Privately Owned Lodges - 5

Development Site/Lodges - 6

Land with further potential - 7

Cheverton Copse Holiday Park - Sitting within the heart of the property, there are 57 static caravans of various ages and sizes being between 2-3 bedrooms.

Cheverton Copse Holiday Park. - Description I Berth I Location I Size I Total Number

Winchester I Sleeps 6 I 9, 24, 25, 26, 33, 34 I 36ft x 12ft I 6

Hampshire I Sleeps 4 I 21, 22, 23 I 35ft x 12ft I 3

Suffolk I Sleeps 6 I 52, 53 I 34ft x 10 ft I 2

Chichester I Sleeps 6 I 42, 43 I 36ft x 12ft I 2

Arundel 3 I Sleeps 6 I 6, 7, 8, 45, 54, 55, 56, 57 I 35ft x 12ft I 8

Sussex 12 I Sleeps 4 I 10, 11, 12, 13 I 28ft x 12ft I 4

Sussex 10 I Sleeps 4 I 1, 5, 14,1 5, 16, 17, 35, 36, 49, 50 51 I 30ft x 10ft I 11

Wessex plus I Sleeps 4 I 27, 28, 29 I 28ft x 12ft I 3

Wessex I Sleeps 4 I 30, 31, 32 I 28ft x 12ft I 3

Arundel 2 I Sleeps 4 46, 47, 48 I 35ft x 12ft I 3

Surrey I Sleeps 6 18, 19, 20, 37, 38, 39, 40, 41, 44 I 35ft x 10ft I 9

Dorset I Sleeps 4 I 2, 3, 4 28 ft x 10 ft I 3

Total 57

Buildings - Within the holiday park site, there are a number of ancillary buildings that are enjoyed by guests. These may have further scope for change of use (STPP), the buildings include:

• Reception (with planning permission for extension)

• Clubhouse/Bar (with planning permission for extension)

• Electric Store

• Laundry Store

• Laundrette

• Shower Block

• Workshop

Hirefleet Caravans - Hire fleet caravan rates for 2023 range from £340 to £1,020 per week. Additional rates are available for 2-night stays or extra nights, but these are not available during peak season. Weekly charges vary depending on the type and size of caravan as well as time of season and include VAT.

Games Field - Situated to the west of the main caravan park, there is a games field which is used by guests.

Cheverton House - A delightful link detached 5 bedroomed chalet bungalow which benefits from a full residential occupancy status, comprising:

Ground Floor

Kitchen/Lounge/Diner/Bathroom/Bedroom/Office

First Floor

Three Bedrooms/Bathroom

Cheverton Cottages - A pair of semi-detached, newly built properties each comprising:

Ground Floor

Kitchen/Lounge/Diner/Bathroom/Utility Room

First Floor

Three bedrooms (one en-suite)/Family Bathroom

Private Owners Site - There is a separate part of the park which comprises 20 privately owned holiday homes, for 2023 (14) static caravans paying fees to the freeholders of £4,120 and (6) lodges at £4,995 including VAT. The pitch fees are reviewed on the 1 January in accordance with RPI.

Development Site With Consent - In 2019, planning permission was granted a change of use of land to the north/east of the existing caravan park siting of 33 holiday lodges, 85 touring unit pitches, 60 camping pitches, 15 glamping pods, pitch and putt course, machinery store/workshop, new internal access road, landscaping, 2x amenity blocks, bunk barn/wardens accommodation and play barn. The site benefits from newly installed mains services to each lodge/pitch, plus landscaping and infrastructure including internal roadways. There is also the advantage of mains drainage to most of the site. At present, there are 4 luxury lodges that have been erected on site that each benefit from a parking area, and external garden area. Adjacent to the existing four lodges, there are 3 further concrete slab bases that have been installed.The four lodges are of varying layouts and sizes.

Lodge 3 comprises:

• Utility Room
• Family Shower Room
• Double Bedroom
• Master Bedroom with En-Suite Dressing Room with En-Suite Bathroom
• Balcony/Decked Area with Hot Tub
• Open Plan Kitchen/Dining/Living
• 2x Parking Bays per unit

Further Potential Development Site - Further to the south/west of the property, there is a block of pastureland extending to approximately 9.50 acres which historically has received a favourable pre-application response from the local authority for further lodges.

History - Cheverton Copse Holiday Park has been owned by the vendors for 19 years and a profitable business and has expanded significantly within this period. Cheverton is an award winning, family run site and benefits from 4-star status with The Holiday Park Association and 5-star status with Trip Advisor. The property extends to approximately 37 acres with wonderful views towards the Downs and Culver.

Situation - Cheverton Copse Holiday Park is an award-winning family run park located in the southeast of the Isle of Wight near Sandown. It is signposted off the A3056 Newport to Sandown Road being some 2 miles from the seafront at Sandown and 9 miles from the island capital of Newport. The park overlooks farmland and adjoins Sandown Airfield (which has a grass runway and is only used by light planes for recreational use). It is conveniently situated for visiting the many popular resorts of the island, including Shanklin - 3 miles, Ventnor - 5 miles, Ryde - 9 miles and the boating centre of Cowes only 11 miles away. There are regular ferry links to the mainland located at Cowes, Yarmouth and Ryde. Local facilities are available in Shanklin 1.5 miles to the east. A Morrisons food store and Aldi food store are within 600m and a wide range of pubs and cafes only 5-10 minutes' drive away. Nearby places of interest include the famous Needles, Osborne House and Carisbrooke Castle, with local attractions which include Amazon World, Isle of Wight Zoo, Dinosaur Isle,Blackgang Chine and Robin Hill theme parks. Activities available in the area include horse riding, fishing and within a short distance of the park miles of sandy beaches and open countryside.

General Remarks And Stipulations -

Method Of Sale - Cheverton Copse Holiday Park is offered for sale by private treat as a whole with vacant possession on completion.

Rights Of Way - Public footpaths NC23 & NC28 cross the property. The footpaths are detailed within the Isle of Wight Council's Right of Way Map available from the agents.

Council Tax - 1 Culver View - C

2 Culver View - C

Access - Cheverton Copse Holiday Park is accessed from Scotchells Brook Lane which leads from the A3056. Cheverton Copse Holiday Park also benefits from a right of way over the private road leading from the A3056 hatched orange on the plan (held in third party ownership)
however the junction works will need to be constructed before it is physically useable.

Services - Cheverton House – Mains Water, Electric and Drainage. Electric Storage Heaters.

Cheverton Cottages – Mains Water, Electric and Drainage. LPG Central Heating.

Cheverton Copse Holiday Park and Ancillary Buildings – Mains Water, Electric and Drainage. LPG central heating.

Cheverton Copse Development Site – Mains electric, currently connected to the site and SSE formally connecting to the grid on
the 14th of March 2024, suitable for up to 100 residential dwellings. Mains Water. Mains Drainage. 16 AMP Electric hook-up points. LPG Bulk Tanks.

Tenure, Possession, Licenses And Tenancies - Cheverton Holiday Park (and the wider site) is freehold. A number of dwellings are occupied by employees and directors of the caravan park. There are licenses and tenancies pertaining to the property which can be made available to any interested party. Part of property is occupied leasehold. Further details can be made available from the selling agents.

Business Rates - Some of the buildings are rateable and further information is available from the selling agents.

Cheverton Holiday Park Ltd - The venue currently trades through a limited company, Cheverton Holiday Park Limited. The company may be available for purchase by separate negotiation distinct from the freehold property. The freehold of most of the Property is held within the balance sheet of the company therefore should a buyer wish to not purchase the company, the freehold assets will be moved out from the company prior to completion. The remainder of the property is owned by the vendor personally.

Epcs - There are 3 EPC's relating to this property.

Cheverton House Band F

1 Culver View Band B

2 Culver View Band B

Vat - The freehold property is not elected for VAT.

Sellers Solicitors - Edward Fordyce of Tozers LLP – Exeter Office – Telephone and Email e.

Planning - A list of planning history can be available by the selling agents. The planning approvals and history referred to throughout these sales particulars can also be checked by prospective purchasers via the planning portal or the local authorities website.

What3words - ///renting.seabirds.curtail

Health And Safety - Given the potential hazards of the part of the site, which is typical of an undeveloped development site, we ask for your own personal safety to be very vigilant whilst visiting in order to avoid the risk of accident when making your inspection. All viewings and site visits must be organised with BCM and should always be accompanied by a member of BCM.

Local Authority - Isle of Wight Council

Postcode - PO36 0JP

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 miss-statement shall not annul a sale or entitle any party to compensation in respect thereof.

Cheverton Copse Holiday Park Domain -

Fixtures And Fittings - All those items usually regarded as tenant's fixtures and fittings are specifically excluded from the sale. Further information is available from the selling agents. An inventory can be made available from the sole selling agents.

Viewings - Viewings strictly by appointment with BCM or Sanderson Wetherall.

Selling Agent - Thomas Dawson – BCM IOW LLP, Isle of Wight Office – & Andrew Bagnell – Sandersons Wetherall, Tiverton Office –