Lot 54 Village Centre Commercial Premises For InvestmentAuction Date:
12th June 2025
49A High Street, Brading, Sandown, Isle Of Wight, PO36 0DQ
Currently let at £4,200 per annum
Situated in the heart of Brading and adjoined to the landmark Rectory Mansion building, this commercial premises is at present let under the terms of a 12-month commercial lease, producing a worthwhile income and is ideal for addition to an income-producing portfolio.
The commercial space is currently in use as an office, having previously been occupied as a barbers shop.
Accommodation
Ground Floor
Open-plan commercial space, stairs leading to small store area.
Tenancy
Let under the terms of a 12-month commercial lease from 1st January 2025 at a current rental of £4,200 per annum.
Tenure
Held under the balance of a 999-year lease from 20th March 2015.
EPC Rating
D (76). Total Floor Area 19 sq.m.
There is an addendum available to be read
in conjunction with the legal documentation.
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
