8-10 High St 2,291 sq ft Retail Property Ventnor PO38 1RY £180,000 (£78.57/sq ft) 10% Net Initial Yield

An unusual opportunity to purchase this commercial investment in the heart of this ever-popular small resort town.
Price guide £180,000 for Long Ground Leasehold reflecting a 10% gross investment yield before costs.
Situated in the centre of Ventnor, with near neighbours to include Boots, Southern Cooperative and Hose Rhodes Dickson Estate Agents, this is a rare opportunity to purchase a commercial investment premises, and early interest is encouraged.
Ventnor itself is an ever-popular small resort town, situated towards the southern tip of the Island, enjoying because of its location a wonderful microclimate. Within the town boundaries are a number of facilities and a variety of independent and other commercial occupiers, including some well-respected eateries. The Esplanade and beach are also an excellent facility, enjoyed by locals and tourists alike.
The current tenants operate a retail outlet selling stationery, gifts and cards etc. coupled with a Bureau de Change and the Town Centre’s main Post Office.
The property itself is situated at ground floor and basement levels, and is effectively mid-terraced and of conventional construction, with further details as briefly outlined overleaf.