Lot 19 Freehold Town Centre Mixed Investment With Scope To Add Additional FlatAuction Date:
20th March 2025
37 High Street, Shanklin, Isle Of Wight, PO37 6JJ
Currently let at £6,500 per annum plus vacant two-Bedroom flat
Previously fully let at £14,840 per annum
Key Features
Situated in the heart of Shanklin town centre, this freehold building is at present arranged as a retail premises on the ground floor with a substantial two-bedroom flat situated on the first floor enjoying independent access from the High Street.
The ground floor retail element is let under the terms of a commercial lease while the first floor flat is in the process of being vacated at the end of an Assured Shorthold Tenancy Agreement.
The building enjoys pedestrian access on the ground floor to the rear via Orchardleigh Road and it is considered that subject to renegotiation of the existing commercial lease or indeed at the end of the current agreement and subject to all required consents being obtainable there may be scope and potential to add an additional residential unit on the ground floor to the rear of the building.
Ground Floor
Retail Unit
High street frontage for the main shop with access through to inner shop beyond, range of further store/stock rooms and shower room with W.C.
EPC Rating
E (123). Floor area 89 sq.m.
First Floor (37A)
Landing, living room, kitchen/dining room, two bedrooms, bathroom (no W.C) and cloakroom with W.C.
Outside
Lean-to-shed to the rear which enjoys rear pedestrian access via Orchardleigh Road.
Local Planning Authority
Isle of Wight Council. Website: iow.gov.uk. Tel: 01983 823552.
EPC Rating D
Council Tax Band A
Further Information
Rob Marchant/Mike Marchant
on 01489 564606
Viewings
- Tue 18th March
11:45
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
Legal Documents
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- Special Conditions
- Office Copy Entries
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- Environmental Search
- Drainage Search
- Tenancy Agreement(s)
- EPC
- Other Documentation
- Online Auctions Buying Guide
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Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
