Located in the heart of the Victorian town of Ventnor, this prominent building is located on the main road into the town centre. The entire holding comprises two commercial units and three flats. Each of the flats have been sold on long leases from 1st January 2014 with a ground rent of £100 per flat per annum payable. Both of the Retail units are let under the terms of commercial leases and are producing a healthy income.
Flats 1,2 & 3
Each sold under the terms of 99 year leases from 1st January 2014 at a ground rent of £100 per flat per annum.
94-94A High Street
Occupied under the terms of a commercial lease until March 2023 at a current rental of £4,500 per annum.
Occupied under the terms of a commercial lease until February 2025 at a current rental of £3,600 per annum.
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served on the residential leaseholders who have not reserved their rights under the legislation.