LOCATION
Located in the heart of Ventnor in the ever-popular Pier Street, adjacent to the Earl Mountbatten Hospice shop supported by many specialist retailers and eateries such as Ventnor Savers, Hursts and Masala Bay Indian Restaurant. This area Is one of the highest footfalls of Ventnor with passing trade, mainly generated by the Co-op.
The unit also benefits from adjacent free short-stay on-street parking. 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
Attractive, well-presented shop benefitting from a total re-fit in recent times running to approximately 44.8m² (482ft²).
The shop benefits from a 4.5m (14.6ft) frontage to Pier Street. Please see floor plan overleaf for further details.
TERMS
Offered by way of a new internal repairing lease of £7,900 per annum plus annual service charge of 10% of the rent to contribute towards insurance and maintenance. A deposit will be required.
OUTGOINGS
Rateable Value: £6,100
2025/2026: 55.5p 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 01983 821000.
VIEWING
Strictly by appointment with the agents. Call Lisa Mercer or Charlie Dickson on 01983 527727 or email commercial@hrdiw.co.uk
