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Agent's details

Ventnor – Leasehold Shop Investment

For sale: £155,000.00|790 Sq Ft|Retail, Retail - High Street, General Retail

Property details

FOR SALE£155,000.00
SIZE790 Sq Ft
ADDRESS15 High Street, Ventnor, Isle of Wight PO38 1RZ
TYPERetail, Retail - High Street, General Retail
TENUREFor Sale Leasehold
POSTED ON2nd June 2020

Description

Investment Consideration:
The property comprises a ground floor retail unit.
Rent review every fifth year.
Tenant has option to determine in 2025.
VAT is NOT applicable to this property.
Nearby occupiers include Post Office, Premier Express, amongst other independent traders.

Property Description:
The property comprises a ground floor retail unit. The property provides the following accommodation and dimensions:
Ground Floor Retail: 73.40 sq m (790 sq ft)

Tenancy:
The shop is at present let to Harvey's Pet Store for a term of 10 years from 5th February 2019 at a current rent of £10,800 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews every fifth year and tenant has option to determine on the 5th February 2025. Rent deposit is held of £2,700.

Location:
Ventnor is a seaside resort and civil parish established in the Victorian era on the south-east coast of the Isle of Wight, England, eleven miles (18 km) from Newport. It is situated south of St Boniface Down, and built on steep slopes leading down to the sea.

Location

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Location: 15 High Street, Ventnor, Isle of Wight PO38 1RZ

Shanklin (2.9 miles)

Lake (3.9 miles)

Sandown (4.7 miles)

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