Commercial property for sale in High Street, Shanklin PO37

An older style three storey terraced building that is well located towards the lower end of Shanklin High Street. Nearby is the main shopping area of Regent Street, a public car park and the picturesque Old Village.
The premises has most recently been used as a shop on the ground floor with a staff area and stock rooms on the first and second floors but subject to the necessary consents we feel for the right investor/buyer there is an opportunity to continue renting the shop and converting the upper floors into residential accommodation.
If you would like further information or an appointment to view please contact the office direct. It comprises:

An older style three storey terraced building that is well located towards the lower end of Shanklin High Street. Nearby is the main shopping area of Regent Street, a public car park and the picturesque Old Village.
The premises has most recently been used as a shop on the ground floor with a staff area and stock rooms on the first and second floors but subject to the necessary consents we feel for the right investor/buyer there is an opportunity to continue renting the shop and converting the upper floors into residential accommodation.
If you would like further information or an appointment to view please contact the office direct. It comprises:

Ground Floor

Display Window & Door Recess

Leading to:

Main Shop Area (8.56m x 3.30m extrending to 5.23m (28'1 x 10'10 ex)

With stairs off to the upper floors.

Rear Shop Area (4.47m x 3.05m (14'8 x 10'))

Door off to:

Lobby Area

Providing access to the rear yard.

First Floor

Staff Room/Kitchen Area (4.47m x 3.05m (14'8 x 10))

Stock Room One (5.49m x 5.26m (18' x 17'3))

Stock Room Two (4.27m x 3.05m (14' x 10'))

Separate Wc

Second Floor

Stock Room Three (5.38m x 5.36m (17'8 x 17'7))

Stock Room Four (4.27m x 3.30m (14' x 10'10))

Outside

As previously mentioned there is a rear yard area with a cupboard. Gate providing access to the precinct area of the High Street.

Services

Mains electricity, water & drainage.

Tenure

We understand the property is held on the balance of a long leasehold of 850 years from November 1887 until November 2737 with an annual ground rent of £4.50.

Business Rates

Current rateable value (1 April 2023/24)
£7,700