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Agent's details

Ventnor - Virtual Freehold Retail Investment

For sale: £99,000.00|790 Sq Ft|Retail, Retail - High Street, Office, Land, Offices, Commercial Land

Property details

FOR SALE£99,000.00
SIZE790 Sq Ft
ADDRESS15 High Street, Ventnor, Isle of Wight, PO38 1RZ
TYPERetail, Retail - High Street, Office, Land, Offices, Commercial Land
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON6th January 2023

Description

Investment Consideration:
Vacant possession
ERV: £9,120 p.a. GIY: 9.21%
VAT is NOT applicable to this property
Comprises ground floor retail shop
Suitable for variety of uses (Class E)
Situated in the heart of the town centre with nearby occupiers include Post Office and Premier Express, amongst others.

Property Description:
Comprises ground floor retail shop previously t/a Pet Store, providing the following accommodation and dimensions:
Ground Floor: 73.40 sq m (790 sq ft)
Open plan retail, Storage, WC

Tenancy:
The shop is at present vacant. ERV: £9,120 p.a.

Tenure:
Long leasehold. Held on a 999 year lease from 18 November 2011 at a ground rent of peppercorn.

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

marker
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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