About this property
Business and freehold property for sale with income and investment potential.
Situated in Freshwater, to the West of the Island and in a popular location within a mix of residential and commercial properties.
Freshwater is a large village to the west Wight with a population circa 5,300 (2011 Census). This popular village has many amenities including a sports centre, library, doctors and churches. Neighbouring business are a mix of boutique and local stores together with a few multi nationals within a short walk including Co-Op and Sainsburys.
The property offers ground floor commercial accommodation and is currently trading as a pet store. The business together with the freehold of the building is available to purchase. The pet store has traded in this location since 1983 and is a very successful business which includes delivery service across the Island.
The unit has retail space to the front with store areas, office and staff areas to the rear, with rear parking areas. In total the ground floor space is circa 1291 sq ft (120 sq m).
The freehold also includes the neighbouring vet unit which is currently on a rolling lease with a rental income of £1653 per annum.
There is also the potential to purchase the residential 3 bedroom apartment above with vacant possession. The residential would also include a private garden to the rear. Further information and price upon request.
The business trades 6 days a week and includes delivery service across the Island. Stocking a large selection of pet foods and supplies for a wide range of animals. Accounts can be shown to bona fide applicants, once a viewing has been undertaken and a non disclosure has been signed.
The property benefits from mains electric, water and drainage. Gas is connected to the residential.
The property freehold and business is available at a guide price of £250,000 to include fixtures, fittings, goodwill plus stock at valuation.
The VOA shows a rateable value of £6,400 per annum, rates payable would be circa £3,200 pa. The premises are eligible for small business rates relief, all queries regarding this to be directed to the Valuation Office Agency.
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.