High Street, Sandown, PO36 8DA

Commercial for sale

£284,950


Investment opportunity of unit with tenant in situ and 4 bedroom apartment over. Lease of unit until Feb 2022 at £13,200 pa.

LOCATION
Located on Sandown High Street and almost opposite Pier St which leads down to the seafront.

DESCRIPTION
Currently trading as Daisy's Tea Rooms the property is tenanted.

The tenant is on a lease expiring in February 2022 at a rent of £13,200 pa.

Entry to the unit is via double glazed doors with the main body of the unit currently being used as a seating area for the tea rooms. There are ladies and Gents WC's.

The rear of the unit consists of a series of preparation, baking and washing up areas. Please note that all equipment within the unit belongs to the current tenant and will be removed on vacation.

There is rear pedestrian access.

Currently being offered as an investment opportunity a future owner may wish to consider converting the rear of the property into a residential unit (subject to the necessary consents) if the current tenant vacates.

The apartment above the retail unit has its own separate entrance from the High St. and comprises 4 double bedrooms, one of which is en suite, family bathroom, lounge, kitchen diner and utility room. A roof terrace provides attractive outside space. Ideal for owner occupation of as either residential or holiday letting.

Our clients are asking £284,900 for the freehold of this investment property.

UBR £9,500. This is the responsibility of the tenant.

Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.

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Here to Help

Mark Rhodes

Director

Lisa Mercer

Manager

Rhys King

Surveyor

Janet Morter

Negotiator

Laurie Calloway

Property Consultant

Edwina Grist

Administration

Tel: 01983 527727 Email Us: commercial@hrdiw.co.uk