Retail premises for sale in High Street, Ventnor, Isle Of Wight PO38

Location

Located in the heart of Ventnor, in the High Street, surrounded by many specialist retailers, restaurants, The Co-Op, and Hursts. Ventnor benefits from being on the south facing slope of St Boniface Down and is almost totally sheltered from the north. The town has seen considerable recent investment in particular with a Tesco Express opening in the High Street and the creation of a small harbour on the picturesque Esplanade. The immediate population of around 6,000 residents is substantially boosted by the many visitors and locals alike wishing to enjoy the arts and fine dining culture which the town has become renowned for.

Description

Building arranged over 4 floors consisting of 2x 1-bed basement flats currently let on ASTs. Due to the nature of the sale, sadly the income from these flats is not known. The Ground floor consists of 2 retail premises both sold off on long leaseholds, with a £50 per unit contribution towards the Ground Rent. The upper floors consist of 3 residential units, again al contributing £50 each per annum Ground Rent. Due to the nature of the sale, little is know about their leases and their repair obligation to the building.

Terms

Offers are invited in excess of £145,000 for the superior leasehold of both buildings.

Viewing

Due to the nature of the sale, viewings are going to be very difficult, if not impossible. As such an inspection from the outside of the property may be the only possibility. Please contact sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on . E: Or

under no circumstances should any direct approach be made to anyone at the property, as they will be unable to assist with any enquiries