About this property
A great opportunity to lease a well known commercial unit in Shanklin.
Situated on the sought after location of Regent Street this property is close to Peacocks, Lloyds chemist, British Heart Foundation and other boutique retailers. Regent Street is the main shopping area of Shanklin and benefits from national retailers, various eateries and high footfall.
Shanklin has a population of just over 9,000 and is a seaside resort but benefits from tourists all 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.
Offered to lease is a ground floor unit of approximately 122 sqm (1313 sq ft), 90sqm (968 sq ft) of this being retail space.
The property offers good display windows to the front, store room to the rear with kitchen and staff area plus WC.
There is a suspended ceiling, wooden flooring to the retail area and racking in situ.
Our client is offering a new lease at an annual rent of £10,000 per annum.
The VOA shows a rateable value of £14,250. Using the current business rates multiplier, rates payable will be approximately £7,180. This figure doesn’t include any applicable small business rates relief.
For all viewings please contact HRD Commercial on 01983 527727.