Get brand editions for Hose Rhodes Dickson, Newport

Commercial Property for sale

Pearly Boise

£130,000
1,080 sq. ft.

Property Description

Commercial information

  • 1,080 sq ft (100 sq m)

Full description

Tenure: Freehold

LOCATION
Fantastic investment opportunity in the popular seaside resort of Shanklin. This well-presented property benefited from a complete renovation in 2009 to a modern-style Italian Bistro and Ice Cream Parlour with marble floor and state-of-the-art display equipment. Situated on the High Street, this property is ideally located to benefit from high footfall and trade between Shanklin Old Village and Regent Street.

DESCRIPTION
The premises with A3 consent is currently let on a five-year lease (4 years remaining) at rent of £11,000 per annum.

There is approximately 100 sqm of trading space plus kitchen and ancillary staff areas. The property benefits from modern folding doors extending its width which allows full exposure of the shop front to the street. There is a large custom Rossi Dimension® refrigerating display cabinet, and a smaller matching cabinet. The kitchen is equipped with a pizza oven and a Carpigiani ice cream machine, capable of producing 5L every 5 minutes.

The freehold offered has the additional benefit of ground rents collected for the basement and flats above amounting to £225 per annum.

The premises is suitable for a variety of uses with presumed consent to revert to A1 or A2 use in the future if desired.

TERMS
Our client is asking for £130,000 for this freehold property with the benefit of ground rent of £225 pa collected from the basement apartment and flats above.

OUTGOINGS
Rateable Value £7,900, Uniform Business Rate 0.479, rates payable approx. £3,790

VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Shanklin (0.4 mi)
  • Lake (1.4 mi)
  • Sandown (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hose Rhodes Dickson, Newport

138 High Street, Newport, PO30 1TY

01983 646067 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Shanklin (0.4 mi)
  • Lake (1.4 mi)
  • Sandown (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hose Rhodes Dickson, Newport

138 High Street, Newport, PO30 1TY

01983 646067 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 101276017549. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hose Rhodes Dickson, Newport. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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