Police have closed the through road in Sandown town at the junction with Pier Street following the discovery of the 5 metre deep hole.
Prior to the arrival of the authorities, a local placed a stool over the whole to warn others, although motorists say they were aware of the road collapsing for a short while.
Island Roads are now on site as work gets underway to restore the carriageway.
Southern Vectis buses Routes 2, 3 and 8 will divert via The Broadway until further notice, serving the High Street stop but not the Post Office stop.
UPDATE @ 21:00 – Beachfield Road remains closed this evening and will remain closed tomorrow (Wednesday).
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