Lot 88 Freehold Mixed Commercial And Residential InvestmentAuction Date:
24th July 2025
12 & 12A Avenue Road, Sandown, Isle Of Wight, PO36 8BN
Currently let at £18,350 per annum
Key Features
This freehold investment opportunity is situated on Avenue Road, one of the main thoroughfares through the seaside town of Sandown in a largely residential district, a short distance from Sandown's splendid seafront and sandy beach.
The building is let as a single entity under the terms of a single lease, with the ground floor arranged as a convenience store, while on the first floor there is a residential apartment.
The original 2018 lease was for a period of 20 years and we are advised that the next rent review is due in 2026.
Ground Floor
Commercial
Retail/convenience store.
EPC Rating
B (50). Total Floor Area 216 sq.m.
First Floor
Residential Apartment 12A
At the time of publication the Auctioneers have been unable to inspect the residential accommodation.
Outside
It is believed that there are gardens to the rear.
Tenancy
Let under the terms of a lease for a term of 20 years from 15th October 2018 at a current rental of £18,350 per annum.
EPC Rating E
Council Tax Band B
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
