The Blue Crab High Street Street 1,017 sq ft Retail Property Yarmouth PO41 0PL £135,000 (£132.74/sq ft)

The subject premises are situated towards the eastern end of the High Street of Yarmouth, amongst a variety of independent traders, and present a rare investment opportunity in the town, and is being sold subject to the existing tenancy in situ with the tenant’s interest unaffected by the sale
We understand that our client holds the Freehold interest for the entire building under Land Registry Entry IW8111 and we are advised that the ground leasehold interest of the upper floors is held under Land Registry Entry IW81525.
The premises are being sold subject to the existing tenancies in situ, and all leasehold interests should be unaffected by the transaction.
Price guide for the freehold is £135,000.
Yarmouth in itself is a very popular historic West Wight town, drawing trade from both locals and holiday-makers alike, and in particular from marine activities and visitors attracted to the delightful harbour. Yarmouth is also home to the Wightlink vehicle and passenger ferry service to Lymington on the mainland and the New Forest beyond.
Opportunities such as this within Yarmouth are extremely rarely available, therefore early interest is encouraged. Further details of this investment opportunity are as briefly outlined overleaf.
Accommodation: The Freehold interest we understand includes the whole building. However, the upper floors are owned separately on a ground leasehold arrangement as a residential arrangement.
The ground floor comprises a commercial unit, currently fitted if required as a restaurant but now utilised by the existing tenant as a successful takeaway facility, drawing trade not only from the town but also from visiting sailors and holidaymakers.
The current lease for the commercial entity is the balance of a 20-year term from 2015, within the security provisions of the Landlord & Tenant Act 1954, Part II, at a passing rent of £12,000 p.a.x.