Lot 119: FREEHOLD MIXED COMMERCIAL/RESIDENTIAL INVESTMENT

Available At £130,000 + Fees
28 High Street, Shanklin, Isle of Wight. PO37 6JY

Ground floor currently let at £10,236 per annum, plus vacant flat

Viewing by arrangement with Clive Emson Auctioneers

01489 564606

Rob Marchant/Mike Marchant

Situated in the heart of Shanklin town centre, the ground floor of this freehold building has been let since 2009, while the substantial first floor flat is at present vacant and in need of a programme of significant upgrading and improvement. It is considered that the possibility may exist to split the residential accommodation into two smaller units, subject to all necessary consents being obtainable.

Ground Floor

Main retail area, rear kitchen/prep room and staff cloakroom with W.C.

Tenancy

Let under the terms of a commercial lease for a term of 10 years, from 6th February 2009, at a current rental of £853 per calendar month.

First Floor

Entrance hall, living room, three bedrooms, kitchen and bathroom with W.C.

Local Planning Authority

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

Residential EPC: F
Commercial EPC: D

Map

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