This property presents a unique opportunity for those looking to invest in agricultural land with notable renovation possibilities. Comprising 38.19 acres (15.45 hectares) of primarily arable land, the estate includes a substantial agricultural building and a Cold War nuclear bunker, both of which could be repurposed or restored.
The land is conveniently located on the outskirts of Newport, Isle of Wight, with direct access from Staplers Road, facilitating ease of transport and connectivity to nearby amenities. Newport's town center, approximately 2 miles away, offers a wide array of shopping options, dining establishments, and local schools. Additionally, the proximity to East Cowes and Wootton provides further services and ferry connections to the mainland.
Lot 1 features 19.83 acres (8.02 hectares) that consist of 17.08 acres of arable land alongside 2.75 acres of permanent pasture. This section includes a modern agricultural building measuring 24m x 15m constructed with a steel portal frame and a corrugated steel sheet roof. It is equipped with two roller shutter doors, a personnel door, and has single-phase electricity supply, currently serving as agricultural storage but offering potential for conversion or development based on future needs.
Investors may find value in the existing structures, particularly the agricultural building that can support various uses beyond farming. The inclusion of two mobile homes—currently utilized for storage—adds further flexibility; however, these are not connected to services.
Beyond immediate usability, this property offers significant long-term investment potential through its zoning flexibility: an overage clause allows for financial gain from any future change in use or planning permissions across residential and commercial sectors over a period of 30 years. The property also lies within a Mineral Safeguarding Area while not being located in designated flood zones.
Overall, this property blends agricultural functionality with considerable prospects for redevelopment or diversified use in a desirable location close to urban conveniences. Its combination of arable land and existing structures makes it an intriguing prospect for discerning investors looking to capitalize on future opportunities in real estate development or agricultural innovation.
