Property for sale

An opportunity to acquire a rare combination of property comprising a four-bedroom cottage known as Old Stables, three-bedroom holiday cottage known as Little Stables, a pottery workshop/barn, a pair of large Atcost barns with consent for six two-bedroom holiday cottages and a car park (let under a commercial lease), all set in attractive grounds which includes a stream.

The site is located towards the western end of the Isle of Wight with the larger settlements of Calbourne and Freshwater approximately equidistant to the east and west respectively. The property has the major advantage of a significant ready-made income with the car park let to the adjacent pottery and tea room, while an adjoining barn/workshop is let to a local potter under the terms of a commercial lease.

The owner's accommodation extends to a most attractive four-bedroom barn-style home, while next door is a splendid three-bedroom holiday cottage which is at present vacant, with the cottages enjoying private gardens and car parking accessed via an electric gate, and an electric car charging point on site. In addition, a pretty stream runs through the end of the garden.

The large Atcost barns have Planning Consent for conversion to provide six, two-bedroom holiday cottages with car parking and offering additional scope for a splendid home and income setup, if required. Alternatively, the owner's cottage and newly constructed holiday cottages could all be let in addition to the significant income already generated.

To the rear of the Atcost barns is a small woodland copse which could be incorporated into gardens for the holiday cottages or left to provide screening for the site.

Site Measurements
The overall site area extends to 0.42 hectares (1.03 acres).

Owner's Cottage - Old Stables
Ground Floor
Entrance hall, living room/kitchen, second living room/study with spiral staircase to bedroom four. Shower room with W.C.
First Floor
Three bedrooms and bathroom with W.C.
Outside
Gardens and parking area to front. Enclosed courtyard garden to rear.
EPC Rating D
Council Tax Band D

Holiday Cottage - Little Stables
Ground Floor
Entrance hall, living room/kitchen, bedroom and cloakroom with W.C.
First Floor
Two bedrooms and bathroom with W.C.
Outside
Open plan gardens and garden to front. Enclosed courtyard garden to rear.
EPC Rating D
Council Tax Band C

Barns/Workshop
Tenancy
Operating as a commercial pottery, under the terms of a one-year lease, from 1st October 2023, at a current rental of £500 per calendar month.

Car Park
Situated on the northwestern side of the site.
Tenancy
Let under the terms of a five-year lease, from 13th April 2022, at a current rental of £4,200 per annum, however there is additional rent via a verbal agreement to use the East end of the Atcost Barn (for storage and parking) at £200 per month totalling to £6,600 per annum.

Atcost Barns
Planning
Planning Permission has been granted by the Isle of Wight Council, under application ref: P/00619/18, dated 4th March 2019 for demolition of steel barns; construction of two-storey block of six units of holiday accommodation with car parking (revised plans), (readvertised application), subject to conditions.

A copy of the Planning Consent and accompanying documents are available to download from the Local Planning Authority website. Iow.gov.uk. [use Contact Agent Button].

Auctioneer's Note
We are advised by the Sellers that a meaningful start has been made in respect of the Planning Consent and that the Planning can be considered extant. Interested parties should rely on their enquiries in this respect.

Freehold with Part Vacant Possession

Residential EPC: D

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to