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Commercial properties for sale in Broomfield Crescent, PO13

Create Alert 16 results Sorry, we currently do not have any listings for sale in 0 miles of Broomfield Crescent, PO13 - Please find below the nearest listings available.
For Sale£560,000.00
New
Property Type Investment
Availability For Sale
Size 5235 sqft
Energy Performance Rating This property has been graded as D 79

LOCATION
Ryde is one of the principal towns on the Isle of Wight, located on the north-east coast of the Isle, midway between the towns of Bembridge and Cowes and is one of the destinations for ferry services from Portsmouth. The property is located within the town centre on the west side of Union Street (A3054), close to its junction with Cross Street. Occupiers close by include Olivo Restaurant (opposite), Lloyds Bank, Domino’s, JD Wetherspoon, HSBC, Sainsbury’s Local and Nationwide Building Society, amongst many others.

KEY POINTS
Entirely let to Martin McColl Limited
Includes residential accommodation on second floor
Town centre location close to a JD Wetherspoon Public House
Total current rents reserved £38,500 pa rising to £39,661 pa in September 2020 and to £43,789 pa on 25th September 2025
Offers in excess of £560,000
A purchase at this level would reflect a Net Initial Yield of 6.75%, with a Reversionary Yield of 7.45%

ADDITIONAL INFORMATION
The Grade II listed property is arranged on basement, ground and two upper floors to provide a ground floor convenience shop with a sub-post office to the rear and staff/storage accommodation on the first floor. The second floor provides residential accommodation which is accessed from the shop and a separate entrance at the rear. Part of the first floor (rear) and second floor (front) flies over the adjoining 46 Union Street. Please refer to the title documentation for further information.

Basement - not used 1,237 sq ft 115.00 sq m
Ground Floor 2,169 sq ft 201.50 sq m
First Floor - ancillary 1,119 sq ft 104.00 sq m
First Floor - not used 710 sq ft 66.00 sq m
Total NIA 5,235 sq ft 486.50 sq m

TENURE
Freehold.

TENANCY
The entire property is let to Martin McColl Ltd with a guarantee from McColl’s Group plc for a term of 16.5 years from 21st March 2019 on full repairing and insuring terms at an initial rental of £38,500 per annum. The lease provides for fixed reviews after 18 months and thereafter every fifth year of the term subject to 2% per annum compounded throughout. The vendor will top up the rent to the first review to £39,661 per annum from completion until 21st September 2020 by way of a reduction in the sale price.

RENT
Year Rent Reversionary Yield

21st September 2025 £43,789 pa 7.45%
21st September 2030 £48,346 pa 8.23%

COVENANT
McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 26th November 2017 reported a turnover of £713.391 million, a pre-tax profit of £27.168 million and shareholder’s funds of £186.239 million.

The combined group has a turnover in excess of £1.1bn. It employs over 22,000 full and part-time staff and is visited by over 5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at http://www.mccolls.co.uk/investor.

EPC
The property has an EPC rating of D79. A copy of the EPC is available on our website.

VAT
The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).

PROPOSAL
We are instructed to seek offers in excess of £560,000 (Five Hundred and Sixty Thousand Pounds) subject to contract for the freehold interest, which reflects a Net Initial Yield of 6.75% assuming purchaser's costs at 4.93%.
High Yielding Freehold Grade II Listed Convenience Store Investment. Let to a 5A1 Covenant for 16.5 years with no breaks.
Type: Residential, General Retail, Retail
Location: McColl's Convenience Store, 47 & 48 Union Street, Ryde, PO33 2LF
Size: 5235 Sq Ft
Images: 7
Brochures: 1
View Property
For Sale£489,500.00
LOCATION & DESCRIPTION

Woolston is one of Southampton’s main suburbs and with the current redevelopment of Centenary Quay just 400 yards from the property, is seeing a lot of improvements to the infrastructure of the area as well as an upsurge in population and businesses coming to this location. The Central Bridge provides motorists and pedestrians with access to Southampton City Centre in just a few minutes.

This building is a former office which has been professionally converted into mainly residential accommodation, now providing a ground floor accountants office and three sizable flats above plus planning consent for a further flat in the rear car park. Subject to planning consent, purchasers might consider whether the larger flats are suitable for further division into smaller units.

ACCOMMODATION
Ground floor

Self contained shop/office with a net internal area of 518 sq ft plus toilet and kitchenette. Rear access.

Let to Optegra Financial Software Limited trading as Genio Accountants, on a 10 year FRI lease from January 2017 with a 5 year rent review and break clause at a rent of £8100 pa exclusive of rates, service charge and insurance.

Entrances, front and rear, to the flats. A ground floor communal storeroom is currently allowed for the tenants to store bicycles and other items.

First Floor

A large flat with a wide hall, two reception rooms, two bedrooms, separate kitchen, bathroom and cloakroom, vacant at the time of writing but normally let at £9540 pa (£795 pm)

Second Floor

Another large flat (identical to the first floor, we are advised) with a wide hall, two reception rooms, two bedrooms, separate kitchen, bathroom and cloakroom, currently let on an AST at a rent of £9540 pa (£795 pm).

Third floor

A smaller flat comprising hall, living room with kitchen, bedroom and bathroom, currently let on an AST at a rent of £6540 pa (£545 pm)

Outside

A rear car park with space for 4 – 5 cars and the current main entrance to the flats. Please note that there is a planning consent granted for the construction of a new single storey flat in this area, plans available on request.
TOTAL INCOME IS THEREFORE £33720 PA (£8100 pa from the office and £25620 pa from the three flats assuming the first floor flat is let at £9540 pa) .


PRICE

The freehold is for sale subject to the subsisting leases at a price of £489,500 representing a net initial yield of 6.6% after allowing for purchasers costs. No VAT is applicable.

EPC

Office - Being re - assessed

Flat 1 – E50 Flat 2 – D63 Flat 3 – E50

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Portsmouth Road, Southampton, SO19 9BA
Type: Residential, Office, General Retail, Retail - High Street, Offices, Retail
Location: 33-33a, Portsmouth Road, Southampton, SO19 9BA
Size: 518 Sq Ft
Images: 2
Brochures: 1
View Property
For Sale£3,250,000.00
Must See
£3,250,000

Opportunity to purchase 21 self-contained holiday apartments and land with the benefit of planning permission for further 6 holiday chalets.

The Riviera Park Apartments are located in Bonchurch, a village situated close to the town of Ventnor, hailed as the sunniest spot on the Island this area is famed for its warm microclimate and is gaining a reputation for being one of the best places to dine and to stay on the Island.

The property is constructed in 3 blocks, each property benefits from an allocated parking space and is approached via a shared driveway. The remainder of the site is terraced and is mainly laid to lawn with a tennis court and indoor swimming pool complex.
Investment Opportunity - Bonchurch, Isle of Wight
Type: Land, Leisure Property, Commercial Land, Licensed & Leisure
Location: Riviera Park Apartments , Shore Road, Ventnor, PO38 1RH
Images: 1
View Property
For Sale£3,250,000.00

Opportunity to purchase 21 self contained holiday apartments and land with the benefit of planning permission for further 6 holiday chalets.




LOCATION
The Riviera Park Apartments is located in Bonchurch, a village situated close to the town of Ventnor. Hailed as the sunniest spot on the Island this area is famed for its warm microclimate and is gaining a reputation for being one of the best places to dine and to stay on the Island.

Offering a range of superb restaurants and a wealth of individual and boutique shops it remains an attractive location for visiting tourists and locals alike. Miles of coastal walks are available close by, as is the Esplanade, the small Ventnor harbour and beaches at Ventnor and Bonchurch.

DESCRIPTION
Offered for sale is 21 purpose built apartments and land with the benefit of planning permission for a further 6 holiday chalets. The property is constructed in 3 blocks:



Block 1: Two storey property comprising Swimming Pool complex to the ground floor and 3 x 3 bedroom apartments above all with balconies and southerly sea views.



Block 2: 6 apartments over 3 floors comprising 3 x 1 bedroom apartments and 3 x 3 bedroom apartments.



Block 3: 12 apartments over 3 floors comprising 3 x 3 bedroom apartments, 6 x 2 bedroom apartments and 3 x 1 bedroom apartments.

Some apartments have been refurbished to a high standard.

Outside

Each property benefits from an allocated parking space and is approached via a shared driveway. The remainder of the site is terraced and is mainly laid to lawn. There is a tennis court situated in the south east corner of the land.



We have further information available including floor plans and planning - if you would wish to receive these please provide an email address.

SERVICES
Gas, electricity, water and drainage are all available in the area. The properties are heated by gas fired central heating.
TERMS
The whole site is available at a guide price of £3,250,000 + VAT if applicable.
OUTGOINGS
The VOA shows a rateable value of £55,000. The rates payable using the current UBR will be approximately £27,120 per annum.
PLANNING
Planning permission was granted for construction of a further 6 holiday chalets and further allocated parking spaces, subject to conditions. Further information available on IW Councils planning portal www.iwight.com/planning.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.




Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.
Riviera Park Apartments - Investment Opportunity
Type: Flat, Residential Land, Residential
Location: Riviera Park Apartments, Shore Road, Ventnor, PO38 1RH
Images: 12
View Property
For Sale£275,000.00
Location
Situated on Cowes Parade this office has fantastic views over the Solent within a mixture of various neighbouring commercial and residential properties. Cowes is an internationally renowned yachting centre and, with its Red Funnel links from Southampton, a very popular destination for the locals, yachting community and tourists alike.
Description
A ground floor office/retail unit with double aspect windows to the front, a separate internal office to the rear, a private photocopier room with networking and shared WCs and kitchen.
There are two tenancies in place for this property.
The tenants that currently let the office to the rear have access through the front office space and the front office space also has air conditioning, wooden floors and spotlights and an open space to the front.
This investment opportunity also benefits from a gym for the residents of The Parade together with the storage units for each apartment over. These are accessed from the rear off
of Bath Road.
Terms
Our client is asking for £275,000 for this property, on a long leasehold basis, 999 years from 2007 to include the current tenancies in place. The total current income is £22,000pa + Service Charges showing a net initial yield of circa 8%.
Business Rates
The VOA shows each unit is individually rated for business rates. Enquiries can be made at www.tax.service.gov.uk/business-rates-find/search.
A fantastic opportunity to purchase an investment property in a great location in Cowes
Type: Retail, Office, Offices
Location: Number One, The Parade, PO31 7QJ
Images: 1
View Property
For Sale£645,000.00
LOCATION & DESCRIPTION

Southampton is the principal retail city on the South Coast, with the West Quay Shopping Centre just 100m or so from this property. Adjacent tenants include Boots Opticians, Sally Salon Supplies, Red Cross, Coffee#1, Lloyds Bank, Trespass, The Works, Moss Bros etc, and Marlands Shopping Centre is opposite.

The ground floor of this property is let to two individuals trading as CoSushi, a Sushi & Bento Restaurant and the property has an A3 planning consent. The two flats, on first & second floors, are self contained, approached from the rear and were sold off soon after they were refurbished.

ACCOMMODATION

Ground floor
Total Net Area 1537 sq ft
Rear access

RV £37,000
TERMS

The premises are let to Qin Chen and Guanxiong Lin on a 12 year FRI (by way of a service charge) lease from 7th August 2017, with 4 yearly upward only rent reviews and NO BREAK, at a rent of £49,000 pa exclusive of rates, service charge, insurance and VAT. A rent deposit is held by the landlord.

The two flats above are sold off on 125 year leases from January 2016 at a rent of £150 pa each.

Total income, therefore, is £49,300 pa. VAT is applicable

PRICE

The freehold is for sale subject to the subsisting leases at a price of £645,000 plus VAT representing a net initial yield of 7.25%. A sale by way of a TOGC can be considered to a qualifying purchaser.

EPC C – 70 for the ground floor
82, Above Bar Street, Southampton, SO14 7DT
Type: Retail
Location: 82 Above Bar Street, SO14 7DT
Size: 1537 Sq Ft
Images: 1
Brochures: 1
View Property
For Sale£395,000.00
OR
For RentROA
LOCATION & DESCRIPTION

Hythe is a waterside town on Southampton’s west side, situated between Southampton Water and the New Forest National Park, and home to retailers such as Waitrose, Boots, Superdrug, Hays Travel, Costa Coffee, Martins, Post Office and Lloyds and HSBC Banks. The renowned Hythe Marina Village with its housing, marina and leisure facilities is within half a mile.

Hythe Ferry terminal is also close to the premises, connecting the town to Southampton City Centre, via Hythe’s Victorian Pier, home of the world’s oldest pier train, which connects to the ferry, sailing back and forth every half hour across Southampton Water.

The Malt & Hops Inn, now normally abbreviated to The Malt, is a detached period pub building dating to the mid 1930’s and featuring two bars, living accommodation on the first floor, car parking to the front and a substantial and very attractive, tree lined, rear pub garden. There is also a large detached garage building to the front.

The property is not listed, but it is situated within a Conservation Area. There is a right of way on the front forecourt for the right hand (facing) neighbouring house to pass over the property to access their front door and to stop for the purposes of loading and unloading.

The pub operates as a traditional free house, two-bar pub, with wooden planked floors throughout with an open log fire. The rear bar focuses on sport & games, with a large TV, darts and pool table and the pub holds regular darts and pool league matches. Live Music events and Karaoke are on offer most Friday nights, and throughout spring and summer live music events are featured on the outside stage in the rear garden.

On the first floor is living accommodation comprising a living room, kitchen, 2 bedrooms and bathroom, all the rooms being of generous proportions.

RATES RV £5,800

EPC: C - 52

TERMS

The freehold is for sale, with vacant possession or with the existing tenant in situ, at a price of £395,000 + VAT, although while the tenant trades, the property may be sold as a TOGC, to assist with the VAT position.

The pub is currently let on a short term lease Outside the Act, and continues to trade. It may be available to let on a new longer lease, at a rent to be agreed, exclusive of rates and insurance.

In our opinion the property offers considerable opportunity for development as a pub or as a restaurant. Alternatively it may well have potential for redevelopment of the site, possibly for residential use, although interested parties are encouraged to make their own enquiries of New Forest District Council. A sale that is subject to planning, however, would NOT be of interest to our client.
The Malt 43-45, South Street, Southampton, SO45 6EA
Type: Leisure, Leisure Property, Hotels, Pubs/Bars/Clubs, Restaurant/Cafes, Licensed & Leisure
Location: The Malt 43-45 South Street, Southampton, SO45 6EA
Images: 2
Brochures: 1
View Property
For Sale£300,000.00
Situated to the top of Ryde High Street in a good secondary location. Neighbouring businesses and properties include Iceland, Carpets Direct and various other local and boutique stores.
Ryde is the largest town on the Island by population (circa 32,000 - 2011 census) and boasts fantastic shopping areas from High Street down to Union Street.
This popular town has links to the south of the Island via the Islandline train and Portsmouth and Southsea via the Hovercraft and Fast Cat.
Description
Offered for sale is 51 & 52 High Street Ryde. This property is currently opened up as one unit to the ground floor offering circa 1040 sq ft (96 sq m) of ground floor retail and storage space.
The property has partition walls which can be removed to create an open retail unit if desired. Or alternatively could be utilised as a joint venture for two complimentary businesses looking for accommodation.
There is rear pedestrian access on to Warwick Place.
The first and second floors are currently accessed via the rear of the property but No 51 has the option of being access via the High Street if required.
Accommodation is as follows: 51 High Street Stairs to first floor, access into Dining Room 3.19m x 3.66m Kitchen 3.17m x 1.7m Living Room 3.31m max x 5.48m Stairs to second floor Bedroom 1 5.47m x 3.34m max Bedroom 2 3.66m x 3.22m Bathroom & WC
This property has access from the residential to ground floor High Street. 52 High Street Stairs to first floor, access into Kitchen 3.5m x 2.3m Bathroom Dining Room 3.35m x 2.96m Living Room 4.98m x 3.36m max Stairs to second floor Bedroom 1 3.36m max x 5.18m Bedroom 2 3.33m max x 3.34m This property also has access into the ground floor commercial from the residential aspect.
The residential properties have recently been upgraded to include a new gas fired central heating system for each unit.
Services
The property benefits from mains electric, gas, water and drainage.
Business Rates & Council Tax
The ground floor is rated for business rates. The current rateable value is £7,600, using the current UBR the rates
payable would be circa £3800 not including any applicable small business rates relief.
The residential to the first and second floors is registered as one for council tax which is currently Band C.
Terms & Tenure
Our client is asking £300,000 for this property.
51 and 52 High Street are each sold on separate Land Registry titles. 51 High Street is held on a 999 year lease from 1864, 52 High Street is held on a 900 year lease from 1868.
The benefit of each property being individually registered is the ability to split the units into two separate properties if required.
Vacant retail premises with two storey residential over.
Type: Retail, Residential, General Retail, Retail - High Street
Location: 51-52 High Street, PO33 2RE
Images: 4
View Property
For SalePOA
INVESTMENT OPPORTUNITY

The property comprises 4 retail units, 3 of which are currently let to Yorkshire Building Society, STA Travel Ltd and Fexco Ltd producing an annual passing rent of £89,500. The occupied units have an unexpired term of just over 5 years with rent reviews due in 2019 for both the Yorkshire Building Society and STA Travel providing an opportunity to improve the rental income.

The property sits at the southern end of Commercial Road, Portsmouth approximately 150m away from Portsmouth & Southsea Station and in the vicinity of multiple new student developments in the city centre.
105 Commercial Road, Portsmouth, PO1 1BQ
Type: Retail, General Retail, Retail - High Street
Location: 105 Commercial Road, PO1 1BQ
Images: 1
View Property
For Sale£500,000.00
LOCATION
Situated on Weeks Road in a predominantly residential area.

Weeks Road is just within a short walk away from Ryde High Street which offers shops such as The Co-Operative, Iceland, The Works, Poundland and Costa Coffee. Also popular with shoppers is a mix of boutique and local traders all located approximately 10 minuets walk away from this property. Also situated in Ryde are local Doctors and Dentists surgeries, also Specsavers.

Ryde is the Largest Town on the Isle of Wight having a population of around 25,000, making it very popular with tourists and day-trippers. Links to the mainland are easy in Ryde as the Catamaran and the Hovercraft run serval times during the day.

DESCRIPTION
A detached Victorian property which has been converted into 5 apartments. These five flats are currently let on 6 monthly ASTs.

Each flat is self-contained, flats 1 & 2 offer 2 bedrooms and flats 3, 4 & 5 offer 1 bedroom. The property benefits from a communal garden to the side and rear and the possibility of creating parking spaces if required.

Accommodation is as follows with approximate sizes:

Flat 1 - living room 3.1m x 3.3m, kitchen 2.7m x 2.2m, bed 1 3.4m x 3.8m max, bed 2 2.9m x 1.5m, shower rm.

Flat 2 – living room 3.2m x 3.7, kitchen 3.2m x 2.3m max, bed 1 3.5m max x 2.5m, bed 2, 1.6m x 3.5m, shower rm.

Flat 3 – living room 3.2m x 4.9m max, kitchen 2.4m x 2.7m, bed 3.9m x 2.6m, shower room.

Flat 4 – living room 3.2m max x 4.9m max, kitchen 2.4m x 2.7m, bed 3.9m x 2.6m, bathroom.

Flat 5 – 1 bedroom apartment, sizes not currently available.

The vendor has previously had planning permission to develop the site with a two storey extension to create 3 further self-contained 1 bedroom apartments. The planning permission is just being renewed on this and plans can be seen at iwight.com under P/00924/13 or TCP/10703/F.

TERMS
Our client is currently asking in the region of £500,000 for this free hold property.
PARKING NOTES
Proposed parking for 4 vehicles.
PLANNING
The planning permission has been applied for details to be confirmed.
VIEWING
All viewings to be arranged by HRD Commercial. Due to the tenancies in place we have to give at least 48 hours’ notice for viewings. Please contact 01983 527727 to arrange a convenient time.
Investment Property For Sale
Type: Residential
Location: Flat 1, 31 Weeks Road, PO33 2TL
Images: 1
View Property
For Sale£180,000.00
Opportunity to purchase a Georgian Grade II Listed property in a great location in Ryde.

LOCATION
Situated in Ryde within a mix of residential and commercial properties close to the beaches and within walking distance of the town. Ryde is the largest town on the Island by population and offers plentiful amenities from convenience shopping to doctors, schools and good transport hubs. The cross Solent ferries are also closely as is the Island Line train with links through to Shanklin.

DESCRIPTION
This Georgian property is thought to date back to circa 1812 and is thought to be the first free school in Ryde. Offering approximately 250 sq m (2691 sq ft) of commercial ground floor space. The whole site measures overall 582 sq m (6264 sq ft).

Subject to planning permissions this property could either be converted to provide great residential accommodation or even converted back to its former self.

TERMS
Our client is asking for offers over £180,000 for this site. Only unconditional offers will be considered.

OUTGOINGS
The VOA shows a rateable value of £5,800. The rates payable will be circa £2785 per annum. This doesn't include any applicable small business rates relief. Please note that Grade II Listed properties do not pay business rates when they are vacant.

VIEWING
All viewings to be arranged and accompanied by HRD Commercial. Due to the condition of the property persons viewing must take great care and do so at their own risk.

Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.
Vectis Hall Melville Street Ryde
Type: Residential, Light Industrial, Storage, Other, Industrial, Other Property Types & Opportunities
Location: Melville Street, Ryde, PO33 2AE
Size: 250 Sq M
Images: 1
View Property
For Sale£210,000.00
A fantastic opportunity to purchase a retail unit with separate residential accommodation above, in a popular seafront location on Ryde Esplanade.
LOCATION
Situated on Ryde Esplanade, within a stone's throw of the stunning beaches and Marina this property provides an excellent opportunity for either an investor or owner occupier. The property offers fantastic views of the Solent and mainland beyond and

is ideally situated for locals or commuters alike. The town’s bus station is directly opposite with Hovertravel, the Island Line train and Ryde Pier with Fastcat links to Portsmouth being on your doorstep.
DESCRIPTION
Offered for sale is this Grade II Listed three storey property offering the following accommodation:

Ground Floor

Commercial unit with approximately 76 sq m (818 sq ft) of retail space plus 10 sq m (107 sq ft) of storage and WC.

The front of the property is glazed and offers excellent display space for retailers. This commercial space is currently tenanted and offers a good investment opportunity for landlords. The current tenancy has 3 years left to run and the rental income is £10,000 per annum.

Separate side access (from George Street) to the residential accommodation making it an ideal holiday home/holiday let.

The accommodation offers shared access to:

PRIVATE ENTRANCE HALL Stairs up to landing.

CLOAKROOM Low level WC and hand wash basin.

LIVING ROOM 19' 10" x 12' 11" (6.07m x 3.96m)

Spacious room with double window looking towards the Pier with sea views across the Solent to the mainland.

KITCHEN/BREAKFAST ROOM 19' 3" x 14' 0" (5.89m x 4.27m)

Really spacious room with fitted floor and wall mounted units. Two replacements windows. Feature ornate fireplace and breakfast bar.

STAIRS TO FIRST FLOOR

BEDROOM 1 14' 0" x 12' 0" (4.27m x 3.66m)

Double room with built in wardrobe. Small storage cupboard.

BEDROOM 2 12' 9" x 8' 11" (3.89m x 2.72m) Single room with views across the Solent.

BEDROOM 3 12' 9" x 11' 6" (3.89m x 3.51m) Double room with built in cupboard. Solent views.

BATHROOM A well proportioned bathroom comprising large shower cubicle, pedestal wash basin and low level WC.
SERVICES
The property has mains electric, water and drainage. A gas fired boiler provides all domestic hot water and central heating throughout via radiators to the residential only.
TERMS
Our client is asking £210,000 for this property freehold.
OUTGOINGS
Ground Floor Commercial

The VOA shows a rateable value of £9,000, the rates payable would be approximately £4320 per annum, not including any applicable small business rates relief.

First and Second floors residential

Council Tax Band B

VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.
Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.
Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.
Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.
13 Esplanade Ryde IOW
Type: Residential, Retail
Location: 13 Esplanade, PO33 2DY
Images: 10
View Property
For Sale£425,000.00
Opportunity to purchase a non trading care home in a lovely residential location in East Cowes.
LOCATION
Situated in Victoria Road East Cowes the property is within walking distance of the town centre and its amenities. East Cowes is seen as an up-and-coming area with the Waitrose Store, planned new marina, revised Red Funnel terminals and other progressive developments.

East Cowes has a population circa 7300 (census 2011) and has a wealth of local amenities including the newly built doctors surgery, schools and links via Red Funnel to Southampton.

The town benefits from an influx of visitors each year as the floating bridge, situated just around the corner, takes passengers across the Medina to Cowes.
DESCRIPTION
Offered for sale is this former care home offering accommodation over three floors. This converted property was originally a pair of semi detached properties and could easily be converted back to offer two lovely residential properties, subject to gaining any necessary consents.

Accommodation comprises:

Ground Floor

7 x Bedrooms

Lounge/Dining Room

Coffee Lounge/Reading Room

2 x Separate WC

Lift

First Floor

10 x Bedrooms (9 en suite)

Bathroom

Lift

Second Floor

Staff Room

Kitchen

Food Store

Laundry Room

Staff Bathroom

Office

Store Room

Lift

To the front of the property is a paved driveway offering off road parking for several vehicles. The garden to the rear is substantial and is mostly laid to lawn.
SERVICES
The property offers mains gas electric water and drainage. The electricity is separated between the two properties, the water and gas will require separation. There are 3 boilers that serve the property and solar panels to the roof.
TERMS
Our client is asking £425,000 for this substantial freehold property.
OUTGOINGS
The property is rated for Council Tax, Band G.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 or email commercial@hrdiw.co.uk.
Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.
Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.
Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.
43 Victoria Grove East Cowes
Type: Residential, Flat, House, Residential Land, Healthcare, Other Property Types & Opportunities
Location: 41-43 Victoria Grove, PO32 6DL
Images: 9
View Property
For Sale£225,000.00
Opportunity to purchase a substantial commercial unit with residential in Shanklin Town Centre.
LOCATION
Situated on the corner of Cross Street and North Road in Shanklin, this prominent corner unit is opposite Regent Street and benefits from good visibility to passing traffic.

Shanklin offers a population circa 9000 (2011 census) and is a great shopping and retail hub to the south of the Island. Benefitting from year round trade and a boost in numbers in the summer season due to the high volume of tourists visiting the Old Village each year.

Shanklin offers good links to Lake, Sandown and Ryde via the railway and easy access to Ventnor.
DESCRIPTION
A substantial ground floor & part first floor commercial unit currently trading as a hair salon. The whole property offers approximately 200 sq m (2152 sq ft) including staff areas and reception.

To the rear of the unit with a separate access is a ground floor one bedroom flat with open plan living room/kitchen, shower room and WC. When let this unit provides income circa £4740 per annum, tenancy currently under application on an Assured Shorthold Tenancy agreement.

The unit also benefits from planning permission for conversion of part of the commercial unit to a 1 bedroom apartment with open plan living room/kitchen and bathroom. A copy of the planning permission and plans can be seen on request.


TERMS
Our client is asking guide price £225,000 for this substantial property with the benefit of the planning permission for conversion of part and a tenant in the residential apartment to the rear.
OUTGOINGS
The VOA shows a rateable value of £10,000, using the current UBR the rates payable will be approximately £4790 not including any small business rates relief where applicable. Please note once the conversion of part has been undertaken the unit will need to reassessed for business rates.
PLANNING
Planning permission for conversion of part to residential can be found at www.iwight.com by searching TCP/00497/X or P/00187/17.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.
Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.
Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.
Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.
Corinthian Court Cross Street Shanklin
Type: Residential, Retail, Other, Other Property Types & Opportunities
Location: Corinthian Court, Cross Street, Shanklin, PO37 6BU
Images: 3
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For Sale£79,950.00
nvestment Sale One Bedroom First Floor Apartment
LOCATION
This first floor flat forms part of a converted building consisting of similar style properties. The town centre with a variety of shops and other amenities is only minutes away, whilst both the beach and local train station with direct mainland ferry links are within easy walking distance.
DESCRIPTION
The accommodation comprises a lounge/kitchen, double bedroom and an en suite shower room. Additionally, the property has access to a communal laundry room and the resident's car park. The property is currently tenanted on an assured shorthold tenancy and is achieving £395 PCM. The regular income and convenient location makes this an ideal buy to let investment.

ENTRANCE HALL

LOUNGE/KITCHEN 14' 2" x 13' 6" (4.32m x 4.11m)

BEDROOM 11' 3" x 12' 5" (3.43m x 3.78m)

BATHROOM 17' 11" x 3' 0" (5.46m x 0.91m)

OUTSIDE To the rear of the building there is a gravelled car parking providing allocated parking to the residents of 20 Carter Street. There is also access to a communal bin store.

HEATING Night storage heaters.

COUNCIL TAX BAND: A

Please note that Flat 2 is also for sale in the block with a rental income of £5,100 per annum.

Each apartment benefits from a share of the freehold.

There is also a large car park on the site that would lend itself to a small development subject to gaining the necessary permissions and the agreement of the other freeholders.

NB Under section 21 of the Estate Agency Act Hose Rhodes Dickson are required to declare an interest in the property as the property is owned by a member of staff.
TERMS
Our client is asking for £79,950 for this investment opportunity.
PARKING NOTES
1 allocated parking space to rear.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.
Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.
Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.
Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.
Flat 4 20 Carter Street Sandown
Type: Flat, Residential
Location: Flat 4, 20 Carter Street, PO36 8BP
Images: 2
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For Sale£345,000.00
LOCATION & DESCRIPTION

Eastleigh is a former railway town about 5 miles to the north of Southampton, with excellent road, rail and air links to the rest of England & the continent. As a result it has built an enviable reputation as a distribution and manufacturing centre. The retail centre of Market Street and the more secondary High Street is supplemented by The Swan Shopping Centre with its Vue based leisure/restaurant extension.

The property itself comprises a two storey retail unit with a well established Charity trading from the ground floor. They have been in the premises since 2014 and utilise all of the rear storage area for the sorting, cleaning and storage of charity donations.

The first floor is a self-contained 1-2 bed flat, let on an Assured Shorthold Tenancy at a rent of £550 per month.

ACCOMMODATION

Ground floor retail unit -

Net Sales 607 sq ft Rear Ancillary 672 sq ft WC. Rear Access, one parking space Total Ground Floor Net Area 1279 sq ft

First floor flat comprising Living Room, Kitchen, Double Bedroom & Bathroom with additional second floor Living Room/Bedroom. This would benefit from some modernisation.

TENANTS
The ground floor is let to Life 2009, a registered charity https://lifecharity.org.uk/ established in 1970, and in 2016 they had a total income of £3.6m.

They have a 10 year lease from November 2014 with a 5 year upward only rent review and the tenant break at the end of the third year was not used. The current rent is £16000 pa exclusive, representing an ITZA rent of just under £31.00 psf. Recent lettings and lease renewals in Market Street have tended to be in the region of £40 psf ITZA so it is our contention that the rent is reversionary and could see an uplift on review.

However, even at £35 psf ITZA the ground floor rent equates to £17750 pa, plus the flat income of £6600 pa.

Total current income therefore is £22600 pa.

PRICE

The freehold is for sale freehold, subject to the subsisting lease, at a price of £335,000. There is no VAT applicable.

EPC: C – 73. Flat – E 51
RATES Ground floor RV £ 17750
FREEHOLD RETAIL INVESTMENT
Type: Retail, Leisure
Location: 3 Market Street, SO50 5RJ
Size: 1279 Sq Ft
Images: 1
Brochures: 1
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