Freehold Sale – Pennyfeathers: Strategic Residential Development Land Opportunity

An opportunity to acquire multiple freehold titles forming part of the Proposed Pennyfeathers Development, extending to circa 31.73 acres in a key regeneration area on the Isle of Wight. For Sale on behalf of the Joint Liquidators.

Highlights:
Circa 12.84 hectares (31.73 acres) of land in total
Comprising 17 freehold titles
Located within a key regeneration area identified in the Island Plan
Outline planning previously agreed for a comprehensive development scheme (up to 904 units and associated uses)
Reserved matters application subsequently refused in April 2023
Potential to progress development subject to planning and potential acquisition of adjoining land interests
Site comprises a mix of farmland, woodland, residential and storage uses
Includes existing residential dwellings and ancillary buildings

Location

The site lies to the south of Ryde on the Isle of Wight, approximately 1.5 km from Ryde town centre.
The wider Pennyfeathers area extends to circa 49 hectares (121 acres) and is identified for regeneration within the Island Plan.
The location is considered sustainable, with potential for connectivity to surrounding development areas and the wider community.
Proposals for the wider site include improvements to highways, cycling and pedestrian routes, and public transport links, alongside provision for open space and community infrastructure.

Tenure: Multiple freehold titles (available as a whole or separately)
Vacant possession available
Planning: Outline consent granted in 2017 (subject to reserved matters); subsequent reserved matters application refused in 2023
Sale: Private treaty – expressions of interest invited
Data room available on request