* Freehold
* Rare opportunity to acquire substantial site on the Broadway, Sandown
* Site is currently occupied by the former Parkbury Hotel, now closed
* The Site runs to circa 2, 930 m2, almost 3/4 acre, with the approximate gross exterior area of the ground floor running to circa 833 m2
* For Sale with offer invited "in the region of" £450, 000 for an unconditional purchase of the freehold site
**Location**
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. Sandown
forms part of the Sandown - Shanklin - Lake conurbation which wrap around Sandown
Bay ensuring high numbers of visitors and tourists, boosting the local
population of around 19, 500. Sandown seafront is a magnet to tourists and
locals alike flocking to the area to enjoy the beaches and tourist attractions
including The Isle of Wight Zoo, Dinosaur Isle, Sandham Gardens Activity Park
and Sandown Pier with its many rides and attractions
**Description**
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. 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. It is likely that the Isle of Wight
Council planning authority would want to see some decent amenity space and
parking to the rear of the building, thus the site currently occupied by the
1970's extension may not be developable to residential use. These suggestions
would, of course, all be subject to planning permission and any other relevant
consents. It is worth noting, however, that various other hotels along the
Broadway have been converted to residential use successfully over the years.
Alternatively, the Hotel may convert back to an operational hotel, but would
require extensive works to modernise the building and make it presentable for
re - opening.
**Terms**
For Sale with unconditional offers invited "in the region of" £450, 000 for the
freehold interest of the site
**Viewing**
Strictly by appointment with sole agents Gully Howard Commercial Property,
Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers
or Morgan Williams on . E: Or
**Uniform Business Rate**
Strictly by appointment with sole agents Gully Howard Commercial Property,
Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers
or Morgan Williams on . E: Or

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: