Commercial property for sale in St. Margarets, Lowtherville Road, Ventnor PO38
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Property features
- To be offered on Tuesday 16 April
- Of interest to investors
- High Yielding Retail Investment
- Virtual Freehold
- Investment let at £9,120 pa
- Guide Price Reflects 14.03% Gross Yield
- VAT-Free investment
Property description
Strapline
Auction Sale - 15/04/2024
Of interest to investors
Virtual Freehold Retail Investment
Investment let at £9,120 pa (14.03% on Guide Price)
Description
The property comprises a ground floor shop forming part of a larger building.
Location
Ventnor is a popular seaside town on the Isle of Wight. The property is situated in a prominent position on the north side of High Street, with nearby occupiers including Tesco Express, Boots and a number of independent shops, cafe's and restaurants.
Tenancy
The property is let to an individual trading as Quids In on a 5 year lease from 01.05.2022 at a current rent of £9,120. The 2024 break option has been exercised.
Accommodation
Please note the approximate areas have been provided by the voa and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
Ground - 73.40 sq m (790 sq ft)
Total - 73.40 sq m (790 sq ft)
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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