About this property
An opportunity to purchase a retail unit in the popular location of Regent Street Shanklin.
Situated on the sought after location of Regent Street this property is close to Boots, Hurst’s and All Seasons Florist. Regent Street is the main shopping area of Shanklin and benefits from major retailers as well as many boutique shops.
Shanklin has a population of just over 9,000 and is a seaside resort but benefits from tourists year round. The town also offers the first stop for the Island’s train and is within easy reach of other towns including Ventnor, Sandown and Ryde accessed via the main A3055.
To the ground floor the property offers approximatley28 sq m (311 sq ft) of good retail space with a glazed frontage providing great window display areas.
There is a staff/store area plus WC with pedestrian fire access to the rear.
The property could be suitable for a variety of different uses, subject to any necessary consents, and is currently classed as E under the Use Classes Order 2020.
The property benefits from mains electric, water and drainage.
Our client is asking £69,950 guide price for this unit with vacant possession. The premises is held on a 960 year long leasehold from 1899.
The VOA shows a rateable value of £6,600. Rates payable circa £3,300, although at this level the property would be eligible for small business rates relief. Enquiries for this to be made to the VOA.
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.