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29-31 The Broadway - Former Parkbury Hotel 0.72 Acres of Commercial Land Offered at £450,000 in Sandown PO36 9BB
INVESTMENT HIGHLIGHTS
- Victorian style property
- Within walking distance of Sandown Railway Station
- Substantial site on the Broadway, Sandown
EXECUTIVE SUMMARY
For Sale with offer invited "in the region of" £450,000 for an unconditional purchase of the freehold site. The Site is currently occupied by the now closed down Parkbury Hotel. The Hotel once provided 40 bedroom accommodation with substantial bar area and restaurant.
PROPERTY FACTS
| Price | £450,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Tenure | Freehold | Proposed Use | Commercial |
| No. Plots | 1 | Total Plot Size | 0.72 ac |
| Price | £450,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Plot Size | 0.72 ac |
1 PLOT AVAILABLE
Plot
| Price | £450,000 | Total Plot Size | 0.72 ac |
| Price Per ac | £625,000.00 |
| Price | £450,000 |
| Price Per ac | £625,000.00 |
| Total Plot Size | 0.72 ac |
Located on the Broadway in Sandown, putting it within walking distance of Sandown Railway Station and down to the the extensive leisure, restaurant facilities and expansive sandy beaches that Sandown has to offer. The Site runs to circa 2,930 m².
DESCRIPTION
The Hotel once provided 40 bedroom accommodation with substantial bar area and restaurant. The site runs to approximately 2,930 m², almost three quarters (3/4) of an acre, with the ground floor gross external area footprint of the front buildings running to approximately 623 m² and the ground floor gross external area of the rear flat roofed 1970's extension, running to approximately 210 m². Thus, it could be considered possible that if a building of similar scale and mass is erected on the site to that currently occupied by the front set of buildings (i.e. the more traditional Victorian building) it may be possible to generate a property with a gross internal area of approximately 1,000 m² over two floors.
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29-31 The Broadway - Former Parkbury Hotel
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