Next auction Thursday 20th June 2.30PM

Calbourne Water Mill, Newport Road, Calbourne, Newport, Isle of Wight, PO30 4JN



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Guide price

£2,000,000+


Property Type

Investment

Bedrooms

20


Key Features

  • An opportunity to acquire a popular tourist attraction comprising the only working Water Mill on the Isle of Wight
  • Set within 15.8 acres and includes on-site holiday accommodation, cafe, gift shop & museum
  • An ideal investment opportunity with potential to add value

Part of the 14 December 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a popular tourist attraction comprising the only working Water Mill on the Isle of Wight, with on-site holiday accommodation, cafe, gift shop, museum and set within 15.8 acres making it an ideal venue for weddings and functions.

  • West side of the island, close to many bays, coves & beaches
  • 20 minutes by car from Cowes (10 miles)
  • Approximately 30 minutes from Ryde (Hovercraft crossing)
  • Just 10 minutes to cross from Portsmouth by Hovercraft
  • Comprising the only working Water Mill on the Isle of Wight
  • Set within 15.8 acres of stunning rural landscape
  • One of the most picturesque holiday locations on the Island
  • Within easy travelling distance of the islands main attractions
  • Includes a fully licensed Cafe, Museum & Gift Shop
  • The Caul Bourne stream runs through the site with fishing Lakes
  • A range of newly built Eco-Lodges and traditional Cottages
  • Offering camping and caravan pitches within the grounds
  • Set in the heart of the islands biosphere, perfect for day trips
  • Includes an adventure golf, clay play area & Mill Ponds
  • 1.5 miles from local shop, garage and pub (The Sun Inn)
  • Benefits from a Wedding Venue Licence
  • Ideal venue for weddings/functions & as a weekend retreat
  • Catering for school visits and educational tours
  • An ideal investment opportunity with potential to add value
  • Scope for further eco-lodges and accommodation (STP)
  • Visit www.calbournewatermill.co.uk for further information
  • Red line plan is for illustration purposes only, refer to Title Plan (in Legal Pack)

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold

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