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Investment opportunity of unit with tenant in situ and 4 bedroom apartment over. Lease of unit until Feb 2022 at £13,200 pa.

For sale: £284,900.00|Residential, Retail, Retail - High Street

PROPERTY DETAILS

FOR SALE£284,900.00
ADDRESSDaisys Bakery, 9 High Street, Sandown, Isle of Wight, PO36 8DA
TYPEResidential, Retail, Retail - High Street
TENUREFor Sale Freehold
POSTED ON8th November 2019

DESCRIPTION

Located on Sandown High Street and almost opposite Pier St which leads down to the seafront.

Currently trading as Daisy's Tea Rooms the property is tenanted.

The tenant is on a lease expiring in February 2022 at a rent of £13,200 pa.

Entry to the unit is via double glazed doors with the main body of the unit currently being used as a seating area for the tea rooms. There are ladies and Gents WC's.

The rear of the unit consists of a series of preparation, baking and washing up areas. Please note that all equipment within the unit belongs to the current tenant and will be removed on vacation.

There is rear pedestrian access.

Currently being offered as an investment opportunity a future owner may wish to consider converting the rear of the property into a residential unit (subject to the necessary consents) if the current tenant vacates.

The apartment above the retail unit has its own separate entrance from the High St. and comprises 4 double bedrooms, one of which is en suite, family bathroom, lounge, kitchen diner and utility room. A roof terrace provides attractive outside space. Ideal for owner occupation of as either residential or holiday letting.

Our clients are asking £284,900 for the freehold of this investment property.

UBR £9,500. This is the responsibility of the tenant.

LOCATION

Location: Daisys Bakery, 9 High Street, Sandown, Isle of Wight, PO36 8DA

Sandown (0.3 miles)

Lake (0.7 miles)

Shanklin (1.8 miles)

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