Lot 102: FREEHOLD TOWN CENTRE SHOP AND TWO FLATS FOR INVESTMENT

Guide Price £150,000+ *
102 High Street,
Newport,
Isle Of Wight. PO30 1TJ

Currently let at £10,560 per annum - Plus vacant shop

Estimated fully let at £22,060 per annum

Viewing by arrangement with Messrs Scotcher & Co

01983 822288

Further information from Clive Emson Auctioneers

01489 564606

Rob Marchant/Mike Marchant

This freehold town centre building enjoys a prime location in the heart of the Island's County Town, having most recently traded as a café and previously, for many years, as a fashion boutique.

The upper parts are arranged as two flats which are both let on Assured Shorthold Tenancy Agreements. The property is considered ideal for addition to an income-producing portfolio.

Retail Unit (Vacant)

Ground Floor

Main shop area with former kitchen and cloakroom with W.C.

Flat B (Studio)

First Floor

Living/ bedroom/ kitchen and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement from 9th March 2017 at a current rental of £350 per calendar month.

Flat A

Second Floor

Living room, kitchen/dining room and bathroom with W.C.

Third Floor

Two bedrooms.

Tenancy

Let on an Assured Shorthold Tenancy Agreement from 3rd January 2014 at a current rental of £530 per calendar month.

Auctioneer's Note

At the time of publication, Flat B (studio flat) had not been inspected by the Auctioneers and the accommodation details have been provided by the Seller.

Auctioneer’s Note 2

The tenant in Flat A served Notice to Vacate just prior to publication of the catalogue and is due to vacate on 3rd May 2017. Prospective buyers are advised to seek clarification that the tenant has vacated prior to bidding.

Residential EPC: E
Commercial EPC: E

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