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Lot: 2 - TOWN CENTRE COMMERCIAL INVESTMENT - Front of the Building
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Lot 2 Town Centre Commercial InvestmentAuction Date:
20th March 2024

69-71 Regent Street, Shanklin, Isle Of Wight, PO37 7AE

Currently let at £11,000 per annum

Category Commercial Investment
Tenure Leasehold

This double-width former shop unit is located on Regent Street, which is considered to be the main trading street in Shanklin, a popular seaside town on the south-east corner of the Isle of Wight.

Formerly two retail units, the property is, at present, let to a tech company, originally under the terms of a three-year lease but with an additional year having recently been negotiated for addition to the lease term.

Ground Floor

Two former retail units now largely knocked through into a single open-plan office environment with a workshop/office, staff kitchen and cloakroom with W.C.

Outside

To the rear is a small courtyard-style garden and rear pedestrian access.

Tenancy

Occupied under the terms of an initial four-year lease from October 2021 at a rental of £11,000 per annum.

Tenure

To be sold under the terms of a new 125-year lease which will commence upon completion of the sale.



69-71 Regent Street, Shanklin, Isle Of Wight


There is an addendum available to be read
in conjunction with the legal documentation.

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