Smallbrook Lane - Pennyfeathers Development - Smallbrook Lane 31.73 Acres of Commercial Land in Ryde PO33 1BB

Further details on the plots available can be found in the attached brochure. Interested parties can request access to a data room with additional information on each Title for sale.
Description:
The land available to purchase comprises a total of 17 freehold titles with a variety of current uses to include farmland, woodland, industrial/ storage and residential.
The plots form part of the Proposed Pennyfeathers Development site which obtained outline planning (ref P/01456/14) for a maximum of 904 residential units, school, community centre and commercial buildings in September 2017 subject to reserved matters. Reserved matters were subsequently refused in April 2023 (ref 20/02159/ARM).
Planning history and submitted documents can be found on the Isle of Wight Council website.
The companies in Liquidation (Kilnsea Developments Ltd and Smallbrook Developments Ltd) had previously obtained several option agreements to purchase neighbouring land required to build out the development. These agreements have now lapsed but the respective landowners could still be open to a sale subject to separate negotiations.
There are three plots with existing dilapidated dwellings. These include a 4-bed detached house known as 155 Marlborough Road, a 3-bed bungalow conversion known as 158 Marlborough Road, and a 4/5-bedroom Farmhouse known as Prestwood Grange. Adjacent to the Farmhouse is Prestwood Dairy which has a small industrial storage unit.
Location:
Pennyfeathers lies to the south of Ryde, on the Isle of Wight, in a key regeneration area identified by the Island Plan.
Covering circa. 49 hectares (121 acres) of land.
Situated approximately 1.5km from Ryde town centre.
The site is in a sustainable location, linked with other approved development sites to the south of Ryde, with good potential for connections to the wider community.