About this property
Opportunity to purchase a substantial commercial unit with residential in Shanklin Town Centre.
Situated on the corner of Cross Street and North Road in Shanklin, this prominent corner unit is opposite Regent Street and benefits from good visibility to passing traffic.
Shanklin offers a population circa 9000 (2011 census) and is a great shopping and retail hub to the south of the Island. Benefitting from year round trade and a boost in numbers in the summer season due to the high volume of tourists visiting the Old Village each year.
Shanklin offers good links to Lake, Sandown and Ryde via the railway and easy access to Ventnor.
A substantial ground floor & part first floor commercial unit currently trading as a hair salon. The whole property offers approximately 200 sq m (2152 sq ft) including staff areas and reception.
To the rear of the unit with a separate access is a ground floor one bedroom managers flat with open plan living room/kitchen, shower room and WC.
Our client is asking guide price £149,950 for this substantial property.
The VOA shows a rateable value of £10,000, using the current UBR the rates payable will be approximately £5,040 not including any small business rates relief where applicable. Please note once the conversion of part has been undertaken the unit will need to re-assessed for business rates.
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.