Retail premises for sale in School Green Road, Freshwater, Isle Of Wight PO40
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Opportunity to purchase a whole building with ground floor commercial premises plus separately accessed 3 bedroom flat over
- Located in arguably one of the highest footfall areas of Freshwater adjacent to Sainsbury's Local and Hurst's Ironmongers
- Ground floor retail unit runs to a total of circa 71.7m2 (771ft2)
- For Sale with offers invited "in the region of" £195,000 for the freehold interest of the whole building
Property description
Location
Well located in the centre of Freshwater in a busy area with high footfall generated by the property's proximity to Sainsbury's Local store, Hurst's Ironmongers, Freshwater Post Office and various other specialist retailers and eateries. Freshwater is the most important town in the West of the Island with an immediate population of around 5,000. The geographic features of the area - Tennyson Down, Alum Bay and Yarmouth Harbour amongst others - attract a wide range of tourists as the season for the purely beach holiday extends by walkers, sailors, cyclists, fishermen and golfers on Freshwater's cliff top course as well as those pursuing the cultural history of the area with Alfred Lord Tennyson and Julia Margaret Cameron amongst the Victorian artistic community.
Description
Whole building for sale comprising ground floor commercial premises running to a total of approximately 71.7 m2 (771 ft2) with the main retail space running to circa 51.6 m2 (555 ft2). The property also benefits from a generous frontage to School Green Road of 7.6 metres (25 ft). Please see floor plan for further details.
The Flat
The first and second floors are arranged as a flat with a separate entrance from the rear of the property. The flat has now been let on a 12 month Assured Shorthold Tenancy at the reduced rate of £700 per calendar month due to the poor overall condition. Investors could modernise and improve the flat to gain greater rental yield. The flat comprises 3 bedrooms on the top floor, with a large open plan living room/dining room to the front of the property plus kitchen, bathroom and separate toilet facility all located on the 1st floor.
Terms
For Sale with offers invited "in the region of" £195,000 for the benefit of the freehold interest of the whole property, subject to the existing tenancy
Uniform Business Rate
Rateable Value: £8,400
2023/2024: £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on . E: Or
For more information about this property, please contact
Gully Howard, PO38 on +44 1983 507984 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Gully Howard, and do not constitute property particulars. Please contact Gully Howard for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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Suite 11, Salisbury Gardens, Dudley Road, Ventnor, PO38 1EJ