LOCATION
Located in the heart of Ventnor, adjacent to the Tesco and supported by many specialist retailers. This area Is one of the highest footfalls of Ventnor with passing trade. The unit also benefits from being opposite the Central Car Park.
The town has seen considerable investment in recent years and is a hub for independent and national retailers alike.
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
Offered to lease is a prominent ground floor corner unit currently trading as a cafe.
The property could be used for a variety of differing uses subject to gaining any necessary consents.
This Grade II Listed premises offers approximately 134 sq m (1442 sq ft) overall including a kitchen area, WCs and cafe seating.
The property will be available from February 2027, subject to vacant possession.
SERVICES
The property benefits from mains gas, electric, water and drainage.
TERMS
The property is available to lease at a rental of £11,100 per annum plus an apportionment of the property insurance. No VAT is payable on the rent.
OUTGOINGS
The VOA shows a rateable value of £13,250 per annum. Using the current UBR the rates payable would be circa £5,062 per annum however this property would be eligible for small business rates relief. All ratings enquiries will need to be made direct to the VOA or IW Council.
VIEWING
All viewings to be arranged via HRD Commercial.
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