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Residential Development for sale

Avenue Road, Freshwater

Withdrawn from Market £175,000

Property Description

Full description

Tenure: Freehold

LOCATION
Freshwater is located on the west coast of the Isle of Wight, 11 miles west of Newport, 12 miles south-west of Cowes and 25 miles south-west of Portsmouth. The ferry terminal linking the island with the mainland, between Yarmouth and Lymington, is 3 miles to the north. The town of Freshwater is a popular tourist destination, located close to the Needles, Tennyson Down, Alum Bay and Yarmouth Harbour. All are a short drive away via the A3054 and A3055 roads. Nearby occupiers include Sainsbury's Local, Lloyds Bank and The Vine Public House.

DESCRIPTION
The current property in site is a former bank with planning permission for the demolition and construction of a ground floor shop, maisonette and two town houses.

Once built out the proposed accommodation will be as follows:

Shop - Approximately 34 sq m (365 sq ft) with staff area and WC.
Unit 1 - Maisonette with living room with open plan kitchen, bedroom and bathroom.
Unit 2 - Town House with open plan living room and kitchen, separate WC, 2 bedrooms and bathroom plus courtyard garden.
Unit 3 - Town House with open plan living room and kitchen, separate WC, 2 bedrooms and bathroom plus courtyard garden.

Planning permission was granted in September 2017 under reference number: TCP/01364/E, P/00749/1.

TERMS
Our client is asking £175,000 for this freehold site.

PLANNING
Planning permission can be viewed at iwight.com by searching TCP/01364/E, P/00749/17.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.


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