Redevelopment Opportunity Isle of Wight PO30 £300-330,000 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

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Auction date: Tue, 28/07/2015 - 10:00

A rare opportunity to acquire one of the last remaining undeveloped sites in the area. 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 conclusions of a recently completed ground investigation study indicates that “there are 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. It is considered that the flats will be ideally suited to resale into the local market, or for retention for their incomeproducing potential. Ideal for developers.

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