Description
This Victorian Pier was originally constructed in 1880 but has been the subject of a comprehensive reconstruction approximately 5 years ago. The Pier is now used for leisure uses (albeit currently closed) and offers stunning panoramic views from the property towards The Needles Lighthouse, Christchurch Bay, Hurst Castle and the New Forest Coastline.

The property comprises of an approximately 140 metre structure which has undergone a multi-million pound renovation, led by one of the UKs leading Marine Structural engineers we understand.

The property was fully operational and demonstrated strong trading performance, but closed last year due to unforeseen circumstances. The closed bistro comprises a high-quality, fully equipped commercial kitchen, dedicated ladies’, gents’ and disabled WCs, and well-appointed bar areas on both the ground and first floors. There are multiple dining areas spread across both levels, each offering stunning views across the bay toward the mainland. Additionally, an external servery known as ‘The Hatch’ provides further trading potential for takeaway offerings such as ice cream and light refreshments. The building has been thoughtfully designed and extends to approximately 278 sq. m (2,992 sq. ft.).

At the western end of the pier is a shell and core space, offering flexibility for a buyer/investor to complete the fit-out. 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.

The pier also benefits from 20 eco-friendly leasehold moorings held from the Crown Estate, allowing customers to arrive by boat and stay moored for lunch or overnight. There is ample anchorage within the bay itself, which regularly sees over 50 boats on a busy summer day, underscoring the site’s appeal to the marine leisure market.

Use
The site lies within a conservation area but is not listed. The Pier benefits from existing use classes of Sui Generis and C3 Residential.

Premises Licence
The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the premises are permitted to sell alcohol Monday to Sunday from 09:00 to 23:00, with the premises open to the public from 08:30 to 00:00.

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. Full design details for the pier head, two storey restaurant can be found with the reference 19/01619/FUL. Permission for a holiday home on the pier end was granted in 2010, reference P/01745/10.

Opportunity
In Savills opinion the opportunity exists is to reopen the bistro and café which had a proven trade prior to its closure. The shell and core space at the end of the Pier then presents itself to offer multiple different use opportunities such as :-

- Leisure (restaurant / pub)
- Residential
- Holiday Letting Accommodation

Rateable Value
£14,250

EPC
B-31

Tenure
The Pier is held freehold on four titles (IW33241, IW55975, IW33712 & IW91782). Twenty moorings are held on a Crown Estate lease and will also transfer (further details provided upon request).

Guide Price
Offers are invited in the order of £3.7m for the whole, or alternatively £900k for the cafe element (indicated in blue earlier) and £2.8m for the pavilion headland element (indicated in yellow earlier).

VAT
VAT is applicable.

Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, the preferred purchaser will be required to provide identification and proof of address, prior to exchange.

Viewing
For a formal viewing strictly by appointment with Savills or Spence Willard.

Lotting
As shown in the photo below, the pier can be offered either as a single lot or split into two distinct saleable parcels. The first parcel (outlined in blue) comprises the café building at the shore end, while the second parcel (outlined in yellow) covers the pavilion at the pier head together with the part of the walkway.