Lot 128: FREEHOLD MIXED INVESTMENT

Sold £134,000

Located in central Ventnor, this freehold investment comprises a ground floor shop, currently operating as a café, with a two-bedroom maisonette above, both of which are currently let. Should the maisonette become vacant, there may be scope to split the unit into two flats, subject to all necessary consents being obtainable.

Commercial

Ground Floor

Main retail area, kitchen and utility area.

Tenancy

Let under the terms of a seven year lease, from 15th May 2016, at a current rental of £5,400 per annum.

Residential

First Floor

Living room, dining room, kitchen and cloakroom with W.C.

Second Floor

Two bedrooms, cloakroom with W.C. and bathroom.

Outside

Garden to the rear.

Tenancy

Let under the terms of a 12 month Assured Shorthold Tenancy Agreement from 11th July 2018 at a current rental of £600 per calendar month.

Local Planning Authority

Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.

Residential EPC: E
Commercial EPC: E