Of interest to investors and developers as well as conservationists, this freehold interest controls development of this attractive site. Situated in the popular residential location of Wootton Bridge, this freehold site extends to 1.72 hectares (4.25 acres) and is in use as a pony paddock, which is accessible off Packsfield Lane. The freehold title is subject to a long lease which is held by the owner of a neighbouring property in Station Road, which is the currently proposed access point.
The suitability of the site for residential development is affirmed by a motion to grant Outline Planning Consent (subject to an S106 agreement) which was passed by the Isle of Wight Council for the construction of 29 residential dwellings in a scheme which would have seen the demolition of 69 Station Road, a property which is owned by the long lessee. Option Agreements between the owners of the freehold and the leasehold and the owner of 67 Station Road where the purchase of a strip of land to the front to provide required visibility splay, have now lapsed. The current planning scheme would require the involvement and co-operation of the owners of the freehold and long leasehold titles and the purchase of the additional land for the visibility splay.
Planning The motion to grant Outline Planning Permission by the Isle of Wight Council on the 29 March 2022 (Ref: 21/01796/OUT) was for residential development with new access, internal road layout and parking, subject to conditions. A copy of the minutes of the Planning Committee meeting and proposed plans will be available to download from the Clive Emson website or via Isle of Wight Councils website www.iow.gov.uk. The planning decision notice will not be issued until the S106 planning legal agreement is completed.
Tenure The land is subject to a lease for a term of 999-years, from 28th September 1997, at a ground rent of one peppercorn per annum.
Viewing The site can be viewed at any reasonable time on site from Packsfield Lane.
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.
Please note, following the Governments advice, lots are now being offered via our online platform. To register for our online auction please go to our online auction page https://www.cliveemson.co.uk/online/. For further information please go to cliveemson.co.uk or call us on 01622 608400.
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 www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
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