Regent Street, Shanklin, PO37 7AA

High Street Property for sale

£169,950


Opportunity to purchase a commercial property in a prime position in Regent Street Shanklin with potential to convert upper floors to residential subject to gaining the necessary consents.

LOCATION
Situated on the sought after location of Regent Street this property is close to Boots, Hurst's and adjacent to Graces Bakery. 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.

DESCRIPTION
To the ground floor the property offers some 58 sq m (624 sq ft) of good retail space with a glazed frontage providing great window display areas.

To the rear there are kitchen, lobby and WC, and rear access to the courtyard with gate to Landguard Road Car Park which the seller has used since 1997.



The first floor is currently utilised as storage/office space and offers approximately a further 59 sq m (635 sq ft) overall.

The property could be suitable for a variety of different uses and currently benefits from A1 use under the Use Classes Order, this has permitted change rights to A2, financial services and A3, restaurants and cafes.

The first floor would provide ample accommodation for conversion to a residential apartment, subject to the necessary consents and building regulations.

TERMS
Our client is asking for offers in the region of £169,950. The property is held on a long leasehold of 900 years from 1864 on a peppercorn ground rent.
OUTGOINGS
The VOA shows a rateable value of £9800. The rates payable would be circa £4950 per annum, not including any applicable small business rates relief. The current owner benefits from zero business rates.
VIEWING
All viewings to be arranged via HRD Commercial, please contact 01983 527727.

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