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Totland Bay, Isle of Wight Property for sale
Totland Bay, Isle Of Wight PO39
£3,500,000
Totland Bay, Isle Of Wight PO39
£3,500,000
Our Summary
- An unique opportunity to purchase an impressive, redeveloped freehold pier business, located in one of the most attractive bays in the country, with a new bistro and planning permission for a restaurant on the pier end
- Additionally, an external servery known as ‘The Hatch’ provides further trading potential for takeaway offerings such as ice cream and light refreshments
- Planning permission has been granted for a two-storey restaurant capable of accommodating approximately 120 covers internally and 100 externally, with the potential to create a premium dining destination benefiting from unrivalled coastal views
- Alternatively, the space also benefits from extant planning consent for conversion into a residential holiday home, offering an attractive lifestyle or investment option
- Planning Application
- Planning permission has been granted for an extension to the Pier head following the purchase of an additional section of seabed enabling further expansion
- Details can be found on the Isle of Wight Planning Portal Register with the following reference 20/02263/ful
- Potential for a variety of uses including bar/restaurant, residential and holiday accommodation
- Potential for a variety of uses including bar/restaurant, residential and holiday accommodation
Description
This impressive, redeveloped freehold pier business is located in Totland Bay, a picturesque coastal village on the Isle of Wight. The pier, which was originally constructed in 1880, has undergone a comprehensive reconstruction and offers stunning panoramic views of the surrounding coastline. The property comprises a 140-meter structure with a high-quality, fully equipped commercial kitchen, bar areas, and multiple dining spaces. The bistro is currently closed but has a strong trading history, and there is potential to reopen or rebrand the business. Additionally, the pier has planning permission for a restaurant at the western end, providing further opportunities for development. The location benefits from consistent seasonal footfall and growing visitor demand, making it an attractive investment opportunity for those looking to capitalize on the Isle of Wight's resurgence in tourism.