Lot 147: FREEHOLD COMMERCIAL INVESTMENT - DEVELOPMENT POTENTIAL

Sold £185,000

An attractive building occupying a prime High Street position. The shop is let to a longstanding commercial tenant who operates a fishmongers. To the rear on the ground floor are former public conveniences (now closed). The first floor is vacant having last been in use as an office.

Occupying a plot of 0.03 hectares (0.09 acres) there may be scope and potential for additional development to the rear of the building, subject to all necessary consents being obtainable.

Local Planning Authority

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

Ground Floor Shop

Main retail area, rear store room, staff kitchen and cloakroom.

Tenancy

Let under the terms of a 10 year commercial lease, from 7th January 2019, at a current rental of £6,500 per annum.

Remaining Ground Floor

Former public conveniences and outbuildings.

First Floor

Entrance lobby, open-plan hall and cloakroom with W.C.

Commercial EPC: F