Commercial property for sale in High Street, Shanklin PO37
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Ideal investment property
- Shop & spacious 2 bed flat
- Kitchen/diner
- Town centre location
- Annual income (on full occupation) £14,840
- Gas central heating & uPVC double glazed
Property description
For the attention of investors. An opportunity to acquire a Ground Floor Shop and a two bedroom First Floor Flat on Shanklin High Street that offers convenient access to both the picturesque Old Village and the good selection of shops and amenities of Regent Street. Also, within close proximity is the beach and Esplanade and a long stay public car park.
The shop is currently let on a 3 year lease from August 2024 at £16,500 pa and the flat is rented at £695 per calendar month making an annual income ( based on full occupation) of £14,840. Interested applicants should contact the office for further details of the tenancies. The accommodation comprises:
Ground Floor Shop
Main Shop Area (6.15m max x 4.98m (20'2 max x 16'4))
With glazed window displays
Inner Shop Area (4.27m 1.22m x 3.35m (14' 4 x 11'))
Back Shop (3.45m x 3.05m (11'4 x 10'))
Rear staff area comprising staff kitchen area with sink, store cupboard, shower room and two stockrooms. Door to outside with pedestrian access onto Orchardleigh Road and with further store.
Rear Staff Area
Comprising staff kitchen area with sink, store cupboard, shower room and two stockrooms. Door to outside with pedestrian access onto Orchardleigh Road and with further store.
First Floor Flat
Comprising ground floor entrance hall with under stairs storage area leading to first floor and landing
Lounge (5.31m into bay x 3.86m (17'5 into bay x 12'8))
Bedroom 2 (2.11m x 3.45m (6'11 x 11'4))
Bathroom
Kitchen (4.39m x 3.28m (14'5 x 10'9))
With Valiant Gas Fired boiler supplying domestic hot water and central heating
Bedroom 1 (3.35m x 3.40m into wardrobes (11' x 11'2 into ward)
Separate Wc
Services
Shop- mains electricity, water and drainage
Flat - all main services available
Tenure
Freehold (tbc)
Council Tax
Flat Band A
Shop Uniform Business Rate £5,200 (1 April 2023/24)
Can be confirmed by iow Council.
We understand that there maybe Small Business Rate Relief available on the shop. Applicants should enquire to the iow Council for confirmation.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Arthur Wheeler Estate Agents, PO37 on +44 1983 507678 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Arthur Wheeler Estate Agents, and do not constitute property particulars. Please contact Arthur Wheeler Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.