Description The Property is a mid-terrace, two storey building and converted from a former Waitrose Store. The ground floor comprises a 120 cover pub 
restaurant with ancillary areas and the first floor comprises of 11 en-suite letting bedrooms. In addition to this is a 2 bedroom manager's flat. 
The site extends to approximately 0.14 acres (0.057 ha). Situation The property is prominently located to the southern end of the Southgate, where there is an agglomeration of similar A3 operators, including 
Wildwood, Zizzi’s, Subway, The Fountain (Hall & Woodhouse) and a number of popular independent operators. The property benefits from the 
high footfall generated by the significant retail provision, and the relatively small size of Chichester allows this retail core to capture the large majority of the town’s shoppers. Accommodation The accommodation is arranged over ground and first floor with access from both front and rear. We detail the breakdown of accommodation below. Planning The property is not listed, but is situated in a conservation area. The current use class consent is ‘Sui Generis’ class. EPC The property benefits from an Energy Performance Certificate and will be provided to interested parties upon request. Rating The property has a 2023 Rateable Value of £75,000. Tenure The property is held long leasehold with approximately 972 years unexpired term at a peppercorn. Tenancy The property is subject to a 35 year underlease from June 2000, expiring in 2035. The current rent passing is £125,000pa. The tenant Eldridge Pope & Co were acquired by Marstons Plc in 2007 and we understand they have sublet their interest to The Sussex Pub Group on co-terminus terms. A copy of the underlease and sub-lease are available upon request and subject to status. Covenant Marston’s Plc (Company Number 00031461) are one of the largest pub companies in the United Kingdom with 1,468 sites and around 12,000 employees. The estate is well diversified with 81% Managed Houses (of which 1,057 are community focused sites) and 19% are Leased & Tenanted with a property valuation of £2.1 billion (FY 2022). 
 
The business reported total revenue of £799.6 million, profit before tax of £163.4 million (FY 2022) and a Dun & Bradstreet risk rating of 5A2. Guide Price Our client is seeking offers in the order of £1,550,000 for the long leasehold interest. A purchase at this level reflects a NIY of 7.60%. VAT The property is elected for VAT and therefore VAT will be payable on the purchase price. It is anticipated that the sale will be dealt with as a TOGC and therefore VAT will be waivered. Viewing Formal viewings can be made strictly by appointment with Savills. Where appropriate, we recommend interested parties carry out a discreet customer inspection in the first instance. We kindly request that no approaches are made to staff or the business directly. Anti-Money Laundering Regulations Regulations require Savills to conduct various checks on purchasers and tenants. Further details are available upon request.

Retail for sale - The Vestry, 21-23 Southgate, Chichester, PO19 1ES

Description The site extends to approximately 1.453 acres (0.588 hectares) and forms part of the wider80 acre (32 ha) Shopwyke Lakes development. It is situated adjacent to one of the two feature lakes and areas of landscaped open space that serve as key focal points within the scheme. Overlooking the central lake, the site benefits from direct access to the main distributor road through the development, with a bus stop located directly opposite. It has been allocated for a high-density residential-led development, adjacent to the community facilities, retail units and sports playing facilities that were delivered in earlier phases. Two new pedestrian and cycle bridges, constructed as part of the wider development, provide connectivity to nearby amenities, including Portfield Retail Park, Chichester Water Sports Centre, several supermarkets, a gym and the South Downs National Park. Viewings Strictly by appointment only, through Savills or our Joint Agent. Contact details overleaf. 
 
Prospective purchasers should be made aware that inspections are made entirely at their 
own risk and no liability is accepted by the owner or their agents. Title and Tenure The Property is registered at Land Registry under the Freehold Title number WSX321673. 
 
It is sold freehold with vacant possession subject to, and/or with the benefit of, any rights of way, easements or restrictions, which may exist, whether or not specifically referred to in these particulars. Services All mains services and service infrastructure have been provided to the edge of the boundary for future connection. GROUND CONDITIONS To facilitate future development and to achieve the required planning levels set at the original outline stage, a process of excavation and ground improvement to form a stabilised layer was completed in 2016. Multiple ground investigations across the site, and an Earthworks Verification Report can be supplied upon request. PLANNING The original outline permission for Shopwyke Lakes (ref:O/11/05283/OUT) designated the site for residential use up to four storeys. The wider scheme has been built out pursuant to this and subsequent permissions. However, the subject plot will require anew planning application for future development. 
 
More recently, the site had an appeal dismissed for a planning application for the erection of 87 apartments, including 10,000 sq. ft of Class E floor space, with associated parking, bike stores, landscaping and utilising existing access (ref: 23/00188/FUL). The appeal was dismissed principally on design grounds and the effect the proposal would have on the character and appearance of the area. The key takeaways from the inspector’s report were: 
 
- A 5-storey building could be supported, provided it tapers down in respect of the height of the existing residential buildings to the east. 
 
- The design should address the main Longacres Way frontage, promoting an active street scheme, with parking situated behind a central cluster. 
 
- A break in building form - potentially two separate blocks -should be incorporated to retain views of the central lake. The contemporary architectural style and material palette proposed were positively received. 
 
- No additional public amenity space and play areas were deemed necessary, as these facilities are already well provided for within the wider Shopwyke Lakes development. 
 
- The dismissed appeal scheme was seeking to provide zero affordable housing on viability grounds - this principle was agreed. 
 
The principle of a high-density residential-led scheme has been established and is encouraged, subject to design considerations. The site may also lend itself to a high-density housing scheme. A full suite of planning documents are available in the data room. FEASIBILITY STUDIES MH Architects have undertaken a comprehensive feasibility assessment and prepared an indicative residential scheme comprising 91 flats, informed by guidance from the appeal decision. Selected extracts from their study are shown on this page. The full study is available in the data room. ACCESS The Site is accessed via the internal distribution road that links the A27 and Shopwyke Road, the B2144. 
 
All off-site highway infrastructure, including roundabout improvements, a signalised junction, and two pedestrian cycle footbridges have been delivered as part of the wider scheme. 
 
A bellmouth access has been formed into the site for future connection. DATAROOM For access to the data room containing all technical information, please contact Nita Patel at nita.patel@savills.com VAT The site is elected for VAT. METHOD OF SALE The site is for sale via informal tender. Offers are invited on an unconditional and subject to planning basis. Other sale structures may be considered. Offers should be submitted via email to Jonny Kiddle and Zara Chamberlain (email addresses provided below). All offers must be clearly marked “Land at Shopwyke Lakes”. The Bid Deadline for offers in noon on Friday 18th July 2025. Please note the vendor is not obligated to accept any offer. JOINT AGENT Savills are joint agent on this instruction with Flude Property Consultants.

Development land for sale - Land at Shopwyke Lakes, Chichester, PO20 2EJ

The Property extends to approximately 9.34 acres (3.78 hectares) 

The land is laid to grass and operates as a private stud, comprising paddocks together with stables and barns. A small portion of the site is also used as a touring caravan site.

The site is irregular in shape and enclosed by established boundaries, including mature hedgerows, trees and post and rail fencing. The existing access is taken from the western boundary directly onto Madgwick Lane.


Development land for sale - Land at Madgwick Lane, West Sussex

Description Confidential. 
Freehold commercial and residential opportunity set in approximately 10.5 acres. 
The opportunity benefits from multiple income streams from rental income and managed businesses and comprises a range of occupational uses.

Investment for sale - Confidential Freehold Opportunity, Isle Of Wight, Newport, PO30 1XY

Description The site is adjacent to The Bugle Inn providing a substantial development plot which extends to approximately 1.15 acres (0.47 hectares). The site will be provided with vacant possession Tenure Freehold with Vacant Possession. Price Offers are invited for our clients Freehold interest. VAT & Stamp Duty Land Tax VAT and SDLT may be applicable at the prevailing rate. Development Potential There may be potential for redevelopment of the site to provide 11 houses and 10 flats as outlined in the above plan, however this is subject to obtaining the necessary planning permissions and consents. 
 
Plots 1-8 
8x2 bed semi-detached dwellings extending to 96 sq m (1,033 sq ft) over 2 storeys plus 2 car spaces each 
 
Plots 9-11 
3x3 bed terraced dwellings extending to 110 sqm (1,184 sq ft) over 2.5 storeys plus 2 car spaces each 
 
Plots 12-21 
10x1 bed flats extending to 48 sq m (517 sq ft) over 3 storeys plus 1 car space each Planning The site and adjoining public house are not listed, nor are they situated within a conservation area. Viewing Strictly by appointment with Savills. The adjoining public house is not part of the sale and under no circumstances should any staff members be approached. Money Laundering Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Development land for sale - Land to the Rear of The Bugle Inn, 56-57 High Street, Brading, Sandown, PO36 0DQ

Salterns Village comprises a site area of approximately 10 acres upon which 41 houses, a café and management offices have been developed. Our client has sold 25 of the houses freehold over the last few years. These new owners pay an estate management charge to cover the maintenance and upkeep of the external parts of the houses as well as the wider grounds, car parking, etc.

Holiday Homes
The 16 retained freehold houses comprise a range of 2, 3 and 4 bed houses as follows:-

Redshank 10 - 377 Sq Ft - 2 bedroom
Redshank 11 - 377 Sq Ft - 2 bedroom
Redshank 12 - 377 Sq Ft - 2 bedroom
Daisy Cottage - 377 Sq Ft - 2 bedroom
Shelduck Cottage - 377 Sq Ft - 2 bedroom
Swallow Cottage - 377 Sq Ft - 2 bedroom
Kittiwake Cottage - 377 Sq Ft - 2 bedroom
Wagtail Cottage - 377 Sq Ft - 2 bedroom
Mallard Cottage - 377 Sq Ft - 2 bedroom
Pebble Cottage - 584 Sq Ft - 3 bedroom
Shell Cottage - 584 Sq Ft - 3 bedroom
Oyster-Catcher 1 - 1064 Sq Ft - 4 bedroom
Oyster-Catcher 5 - 1064 Sq Ft - 4 bedroom
Chiff-Chaff Cottage - 1064 Sq Ft - 4 bedroom
Cooks Cottage - 1064 Sq Ft - 4 bedroom
Hawthorn Cottage - 1064 Sq Ft - 4 bedroom

Each of the 2 bedroom houses are single storey and have 1 bathroom and an open plan kitchen and living room. The 3 bedroom houses have a first floor bedroom, 2 bathrooms and open plan living room and kitchen whilst the 4 bedroom houses are 2 storey with 3 bathrooms and an open plan living room and kitchen. All of the houses have at least one decking terrace, shared use of the car parking and access to the surrounding landscaped grounds.

Salterns House
Salterns House is a two storey detached building providing the main reception and management offices at ground floor level and a large, 3 bedroom self-contained flat above. Planning permission has been granted to demolish Salterns House and replace it with a detached, four bedroom residential dwelling with no conditions or limitations on its use during the year. An opportunity exists to create a separate entrance from Pond Lane exclusively for the use of this dwelling.

Cafe Blue
Cafe Blue is a two storey detached building providing a fully licensed cafe adjacent to the main reception. It includes a fully-fitted kitchen, internal seating area on the ground floor and first floor WC facilities. There is a decking terrace to the front of the café overlooking the Nature Reserve.

The Business
Salterns Holidays operates the day-to-day holiday letting business for both ‘owned’ houses and also the weeks ‘released’ by the owners of 20 neighbouring houses. This includes the central reservation, customer interface, investor relations, maintenance and housekeeping of all of the houses. In addition, the Salterns Holiday team manage the freehold estate.

The key highlights of the business are set out in the marketing brochure.

The Opportunity
In addition to the incremental growth prospects of continuing the existing business, Salterns Village offers a number of future opportunities. This might include leveraging the existing management platform to increase the number of holiday rentals offered to the market either in direct ownership or on behalf of investors. Subject to planning permission, the number of months of use could be extended beyond the current limit of 8 months. The open spaces around the Village could provide an opportunity for camping, yurts and festivals.

Finally, a buyer could sell the retained houses and/or the holiday rental business seeking a capital profit on the purchase price. The most recent sale of a 2 bedroom house was in September 2024 for £190,000 (£504 psf). Earlier sales have achieved up to £199,950 (£342 psf) for a 3 bedroom house and £395,000 (£371 psf) for a 4 bedroom house.

Commercial Land for sale in Portsmouth

Latest commercial land for sale in Portsmouth

Retail for sale - The Vestry, 21-23 Southgate, Chichester, PO19 1ES

Development land for sale - Land at Shopwyke Lakes, Chichester, PO20 2EJ

Development land for sale - Land at Madgwick Lane, West Sussex

Investment for sale - Confidential Freehold Opportunity, Isle Of Wight, Newport, PO30 1XY

Development land for sale - Land to the Rear of The Bugle Inn, 56-57 High Street, Brading, Sandown, PO36 0DQ

Leisure for sale - Salterns Village, Salterns Road, Seaview, Isle of Wight PO34 5AQ

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