properties

Description
Bray Fox Smith are delighted to offer this prominent mixed use development opportunity with planning consent for 99 new dwellings and a four star hotel overlooking the River Medina.

Property Highlights
• The site extends to 35 acres and sits just 2.7 miles to the south of Cowes – close to local amenities and popular tourist attractions.
• Currently comprises a brownfield former factory – being sold partially remediated and cleared, ready for commencement.
• Benefits from a fully implemented mixed-use planning permission for demolition of the existing buildings and construction of 99 dwellings (82 houses and 17 apartments), a 4-star hotel, 14 x business units with landscaping.
• Further asset management opportunities exist to improve the permission and the site’s density.
• The site sits in one of the highest value locations on the island and sits on the banks of the River Medina, allowing for the easy transportation of construction material from the mainland.
• Offers sought for the whole or in separate lots via negotiation. £POA.

Location
The site is located on the Isle of Wight on the eastern bank of the River Medina approximately 2.7 miles to the south of East Cowes. The local area is popular with residents and tourists who are attracted to the expansive green fields, marine sports and tourist attractions such as Osbourn House.

The site’s accessibility is enhanced by connections from both land and sea, boosting its overall connectivity.