Situated on the sought after location of Regent Street this property is close to Peacocks, Lloyds Chemist, British Heart Foundation and other boutique retailers. Regent Street is the main shopping area of Shanklin and benefits from national retailers, various eateries and high footfall.
Shanklin has a population of just over 9,000 and is a seaside resort but benefits from tourists year round. The town also offers the first stop for the Island's train and is within easy reach of other towns including Ventnor, Sandown and Ryde accessed via the main A3055.
Offered to lease is a ground floor unit of approximately 119 sq m (1284 sq ft) overall. This unit has entrances from Regent Street and Falcon Cross Road and benefits from being within the high footfall produced from the bus station, train station and local shopping.
There is return frontage, full height display windows to both sides, suspended ceiling, gas central heating, electricity and water.
The premises offer a kitchen area plus staff WC.
Our client is offering a new lease, terms to be negotiated, at an annual rent of £15,000 exclusive.
The VOA shows the rateable value as £13,500. Using the current UBR of 50.4, the rates payable will be circa £6810. This property would benefit from small business rates relief. For any enquiries please contact the VOA.
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.