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.