Key features
- Rare opportunity to acquire the freehold of a whole building for sale in Sandown High Street
- Building comprising of ground floor retail space running to approximately 62m² (667 ft²),and large two-bed flat over two floors above
- The building has been extensively re-developed and decorated over the last few years with the facade soon to be repainted
- Offers are invited “in the region of” £265,000 for the freehold of the building
LOCATION
Located in Sandown High Street, in arguably one of the busiest points, being close to Pier Street and its links to the extensive sandy beaches that Sandown has to offer. It is also in close proximity to Boots the chemist, Sainsburys, and many other specialist retailers and restaurants. The premises benefits from on-street parking. Sandown forms part of the Sandown-Shanklin-Lake conurbation which wrap around Sandown Bay with the sandy beaches and leisure offer of the area, ensuring high numbers of visitors and tourists, boosting the local population of around 19,500. Sandown’s seafront is a magnet to tourists and locals alike, flocking to the area to enjoy the many facilities and amenities on offer. Besides its famous sandy beaches Sandown is home to The Isle of Wight Zoo, Dinosaur Isle, Sandham Gardens Activity Park plus Sandown Pier with its many rides and attractions.
DESCRIPTION
Building arranged over three floors, with the ground floor retail space running to approximately 62m²( 667 ft²) including WC and staff facilities. It benefits from a frontage to Sandown High Street of approximately 5.4m (17.7 ft). There is a rear entrance which could make the flat completely separately accessed from the shop if required. The generous flat is arranged over two floors and runs to approximately 126m² (1,356ft²). It has been extensively redeveloped and redecorated over the last few years and presents in good order. There is potential to create a roof terrace in the future which would come off the kitchen. We have been advised that the flat could achieve £1,000 per week in peak the peak season as a holiday let. Our clients have advised us that the facade to the front is due to be repainted soon. Please see floorplan for further details
TERMS
Offers are invited "in the region of" £265,000 for the freehold property.
VIEWING
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on 01983 301 434.
E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com
UNIFORM BUSINESS RATE
Rateable Value: £6,100
2021/2022: £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on 01983 821000.
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