Flat for sale in High Street, Shanklin PO37

For the attention of investors. An opportunity to acquire a Ground Floor Shop and a two bedroom First Floor Flat on Shanklin High Street that offers convenient access to both the picturesque Old Village and the good selection of shops and amenities of Regent Street. Also, within close proximity is the beach and Esplanade and a long stay public car park.
The shop is currently let at £583 per calendar month and the flat is rented at £695 per calendar month making an annual income ( based on full occupation) of £15,336. Interested applicants should contact the office for further details of the tenancies. The accommodation comprises:

Ground Floor Shop

Main Shop Area (6.15m max x 4.98m (20'2 max x 16'4))

With glazed window displays

Inner Shop Area (4.27m 1.22m x 3.35m (14' 4 x 11'))

Back Shop (3.45m x 3.05m (11'4 x 10'))

Rear staff area comprising staff kitchen area with sink, store cupboard, shower room and two stockrooms. Door to outside with pedestrian access onto Orchardleigh Road and with further store.

Rear Staff Area

Comprising staff kitchen area with sink, store cupboard, shower room and two stockrooms. Door to outside with pedestrian access onto Orchardleigh Road and with further store.

First Floor Flat

Comprising ground floor entrance hall with under stairs storage area leading to first floor and landing

Lounge (5.31m into bay x 3.86m (17'5 into bay x 12'8))

Bedroom 2 (2.11m x 3.45m (6'11 x 11'4))

Bathroom

Kitchen (4.39m x 3.28m (14'5 x 10'9))

With Valiant Gas Fired boiler supplying domestic hot water and central heating

Bedroom 1 (3.35m x 3.40m into wardrobes (11' x 11'2 into ward)

Separate Wc

Services

Shop- mains electricity, water and drainage
Flat - all main services available

Tenure

Freehold (tbc)

Council Tax

Flat Band A
Shop Uniform Business Rate £5,200 (1 April 2023/24)
Can be confirmed by iow Council.
We understand that there maybe Small Business Rate Relief available on the shop. Applicants should enquire to the iow Council for confirmation.