The Adams family, represented by international real estate advisor Savills, has brought to market the former Flamingo Park site in Seaview.
Offers are invited for the freehold of the land, which has become available for the first time in almost 60 years.
Located 250 metres from the seafront, the former park extends to 16 acres (6.5 hectares) and features 34,000 sq ft (3,159 sqm) of vacant buildings as well as 2 residential properties. It offers potential for redevelopment to residential houses, following a positive pre-application planning response.
Adam Bullas, director at Savills, comments:
“This is a rare opportunity to acquire the freehold of a large site with spectacular coastal views in one of the Isle of Wight’s most affluent areas. The potential for future residential development will no doubt appeal to a wide range of speculators and developers.”