DESCRIPTION A wonderful coastal holiday business and development site situated on the southern coast of the Island in the sought-after area of St Lawrence, enjoying uninterrupted sea-views including two 3-bedroom holiday cottages, a substantial glasshouse (with positive pre-application for a residential dwelling), commercial buildings providing useful income (with a positive pre-application for two residential dwellings), campsite, woodland, grounds and lake, in all extending to 6.12 acres (2.47 ha). 

SITUATION New Bank End is situated in an elevated and south-facing position accessed directly off Undercliff Drive, St Lawrence. This coastal location still has the convenience of being within easy reach of mainland ferry connections. The county town of Newport is 9 miles (18 minutes) away by car. The coastal resort of Ventnor with shops, restaurants, and beach is only a 10 minute walk or 4 minutes by car. 

LOT 1 HOLIDAY COTTAGES AND GLASSHOUSE New Bank End is situated in a secluded coastal position, in the sought-after location of St Lawrence, enjoying unrivalled sea views.

The glasshouse offers a substantial footprint which may have potential for alternative uses subject to permitted development or full planning consent. A recent pre-application (undertaken by the vendors) under reference (IW19/10/18355) for "The demolition of the existing glasshouse & proposal for one substantial dwelling" has in principal, received support from the Local Authority.

The property includes two existing 3-bedroom cottages which are successful holiday lets and both have magnificent views towards the sea. South of the glasshouse is an area of mature woodland and a large lake. 

GLASSHOUSE The glasshouse offers a range of the potential for a range of alternative uses subject to the relevant consents. The building is of aluminum construction with single pane glass on the sides and clear polycarbonate roof.

The building is situated on a slope and is internally terraced at three levels incorporating a number of ponds within the terrace.

The glasshouse extends to 375 m2 (4036 sqft). 

HOLIDAY COTTAGES Swift (Holiday Cottage)

The property comprises an open plan kitchen, dining, lounge master bedroom with en-suite, two single bedrooms and a family bathroom.

Swallows (Holiday Cottage)

The property comprises an open plan kitchen, dining, lounge, master bedroom with en-suite, two single bedrooms and a family bathroom.

Swift and Swallows both enjoy separate private self-contained access and a shared courtyard garden with wonderful sea views and across the fields to the south. Both cottages are subject to holiday restriction use, therefore cannot be used solely as a primary residence. 

LOT 2 - LAND, BUILDINGS & CAMPSITE A mixed-use site producing an attractive rental income, (with the benefit of a positive pre-application for demolition of the farm buildings, replacement up to 2 residential dwellings), several agricultural and commercial buildings extending to 7500 sq. ft, commercial yardage extending to 21,400 sq. ft, successful camp site, a block of grassland and woodland, all enjoying coastal views over The Channel, extending to 4.50 acres.

- A range of agricultural and commercial buildings extending to 7500 sq.ft producing a good rental income
- Large commercial yardage extending to 21,400sqft producing a good rental income
- Camp site for up to 5 caravans and 10 tents
- Glorious sea views
- Separate block of grassland and woodland area extending to about 3 acres
- Positive Pre-app for demolition of buildings; proposed x2 residential units.
- Lot 2 to extends to 4.50 acres 

GENERAL REMARKS AND STIPULATIONS  

METHOD OF SALE The property is offered for sale by private treaty. 

RIGHTS OF WAY There are no public rights of way across the property. 

ACCESS New Bank End is accessed from Undercliff Drive with a vehicular right of access across a private road (hatched orange on the sale plan) – this leads to the property.

Lot 1 – The access to Lot 1 would be directly from the public highway, Undercliff Drive, over the concrete drive (hatched orange on the sale plan). Lot 1 would own the freehold of the hatched orange area.

Lot 2 – The access to Lot 2 would be directly from the public highway, Undercliff Drive, over the concrete drive (hatched orange on the sale plan) benefitting from a right for all purposes over this area. 

SERVICES Lot 1 – Swift and Swallows benefit from mains water, electric and drainage. Heating to the properties is via electric storage heaters.

Lot 2 – Some of the farm buildings are connected to mains water and electric. 

TENURE AND POSSESSION Vacant possession will be given upon completion of the sale. Freehold. 

PLANNING The property is within the Isle of Wight Area of Outstanding Natural Beauty and the property (as a whole) is not listed.

The glasshouse has been subject to a number of preapplication & full planning application in recent years, being:

• P/01191/04 – Conversion of glass house to form office accommodation – Granted 2004

• IW19/10/18355 – demolition of glasshouse and agricultural buildings; proposed 3 dwellings

The latest pre-application as noted above was positive and the planning officer confirmed the following:

"The proposal for 3 dwellings on the site would constitute overdevelopment however the local authority would support a development of one unit at the glasshouse."

The holiday cottages benefit from planning permission under reference (P/02323/02) for "Conversion of café into 2 units of holiday accommodation."

Further details are available from the selling agents. 

COVERNANTS/OVERAGE Lot 1 – The area within Lot 1 will be subject to a restrictive covenant. The glasshouse area within Lot 1 will be restricted to one residential dwelling only, with the two existing holiday let bungalows and their respective curtilages being restricted to two residential dwellings only. Therefore no more than 3 dwelling units across the whole of lot 1.

Lot 2 – The area within Lot 2 will be subject to a restrictive covenant restricting the number of dwellings to no more than 3 residential dwellings at any one time. 

TENANCIES There are some tenancies relating to the property (Lot 2 only). Further information can be made available from the sole selling agents. 

LOCAL AUTHORITY Isle of Wight Council. 

POSTCODE PO38 1UW 

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. 

FIXTURES AND FITTINGS BCM will supply a list of requests, identifying clearly which items are included within the sale, which are excluded, and which may be available by separate negotiation. This list is the sole arbiter of this regardless of whether items are referred to or photographed within these particulars. 

SELLING AGENT BCM, Red Barn, Cheeks Farm, Merstone Lane, Merstone, Isle of Wight PO30 3DE 

VIEWINGS Viewings strictly by appointment with BCM. NB. These particulars dated August 2023 and photos taken December 2020 and June 2023. 

EPC Swallows - F
Swift - F 

COUNCIL TAX N/A 

BUSINESS RATES Swift - TBC
Swallows - TBC
Buildings - TBC 

WHAT3WORDS /// regular.brighter.relief