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83-85 High St 730 sq ft Retail Unit Offered at £79,950 in Sandown PO36 8AQ
INVESTMENT HIGHLIGHTS
- Situated in the eastern section of the main High Street of Sandown
- Could suit a variety of uses (not catering)
- The unit measures some 730ft² (67.82m²) net sales overall
- The unit is available with vacant possession
EXECUTIVE SUMMARY
Situated in the eastern section of the main High Street of Sandown, which in turn is a popular resort town enjoying a wide variety of facilities within its boundaries, including the exceptional beach and Esplanade, opportunities such as this within the town are rarely available now, therefore early interest is encouraged. For a number of years the premises has operated as a whole, as a restaurant. However, the intention is now that Number 83 High Street will be used for retail or other appropriate Town Centre uses (not hot food), whilst Number 85 can continue as a catering outlet, benefiting from rear ancillary accommodation, including a commercial kitchen. The premises form the ground floor of a mid-terraced older-style property of traditional construction.
PROPERTY FACTS
| Total Property Size | 730 sq ft | Typical Floor Size | 243 sq ft |
| Property Type | Retail (Unit) | Year Built | 1990 |
| Property Subtype | Shopfront Retail / Residential | Tenancy | Single |
| Costar Property Class | C | Total Plot Size | 0.06 ac |
| Floors | 3 |
| Total Property Size | 730 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | C |
| Floors | 3 |
| Typical Floor Size | 243 sq ft |
| Year Built | 1990 |
| Tenancy | Single |
| Total Plot Size | 0.06 ac |
AMENITIES
- Bus Route
- Restaurant
1 UNIT AVAILABLE
Unit 83
| Unit Size | 730 sq ft | Unit Use | Retail |
| Price | £79,950 | Sale Type | Investment or Owner Occupier |
| Price Per sq ft | £109.52 | Tenure | Freehold/Long Leasehold |
| Unit Size | 730 sq ft |
| Price | £79,950 |
| Price Per sq ft | £109.52 |
| Unit Use | Retail |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold/Long Leasehold |
DESCRIPTION
Measuring some 37’6’’ deep x 19’4’’ wide, thereby providing overall about 730ft² (67.82m²), incorporating an entrance lobby, single WC with adjoining lobby, current suspended ceiling and part-tiled floor, and a former servery if required.
There is a central ceiling-mounted air con/heater unit, but please note that Scotcher & Co have not checked the serviceability of this, as this is the responsibility of an ingoing occupier.
SALE NOTES
By way of a new commercial lease, with terms by negotiation and effectively on a full repairing and insuring basis. The Landlord will insure the building with the tenant to pay their share of the premium.
Otherwise, the lease will include three-yearly upward-only rent reviews, and the Landlord will reserve the right to exclude the lease from the security provisions of the Landlord & Tenant Act 1954, Part II.
Price guide: £79,950.
NEARBY MAJOR RETAILERS
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83-85 High St
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