Retail premises to let in High Street, Ventnor, Isle Of Wight PO38

Location

Located in the Centre of Ventnor High Street putting it within easy walking distance of everything Ventnor has to offer, including car parking, restaurants, retailers, Co-Op, and the sea front. 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

Development opportunity for the whole building. The whole building was previously let by Lloyds pharmacy, and currently presents in a tired condition albeit water tight. The building consists of 4 floors. The Lower Ground Floor has its own separate access and small garden area. The Ground Floor consists of the main commercial area, and over the two floors above this is a substantial 3-bedroom flat. Due to the layout of the building, a staircase using the rear access could provide entry to all 4 floors without the need to go through the commercial space. Please see floor plan overleaf for further detail. The building lends itself to creating a small studio flat on the Lower Ground floor, revamped commercial space, and redecoration of the 3-bedroom flat above the shop which could possibly go to two separate units but would then need to comply with all modern building regulations etc. All of the above is subject to any relevant consents. The building runs to approximately 200m2 (2,152ft2), with the ground floor retail space running to approximately 65m2 (699ft2).

Terms

Offered by way of new lease at £10,500 per annum. Freehold purchase may be considered, subject to negotiations.

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

Uniform Business Rate

Rateable Value: £8,900 (Whole Building)

2022/2023: £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 .