Key features
- Highly visible corner premises in the ever-popular Old Village, Shanklin
- Unit runs to approximately 211m² (2,271ft²) in total, with 2 parking spaces to the rear. Landlord may consider splitting the unit if required
- Benefitting from the high footfall that the Old Village develops, and adjacent to Daish’s hotel and many other specialist retailers and eateries
- Available by way of a new lease at the bargain rent of £10,000 in the first year, increasing to £15,000 per annum over the first 5 years
LOCATION
Located on the cusp of Shanklin’s popular Old Village, next door to Daish’s hotel. The Old Village is a large draw to tourists with its picturesque thatched buildings, but also benefits from a substantial car park and a wide variety of specialist retailers, cafés, bars, and pubs. Shanklin is the Island's major town on the south coast and serves as a day-to-day needs centre, particularly for the Sandown, Shanklin Lake conurbation, which wrap around Sandown Bay. The sandy beaches and leisure offer of the area ensure high numbers of visitors and tourists, particularly in the Summer season, boosting the local population of around 19,500. It also has a railway station which goes through to Lake, Sandown, Brading and Ryde Pier Head to link up with Wightlink’s fast passenger ferries to Portsmouth Harbour and trains onwards to London Waterloo and Gatwick.
DESCRIPTION
Substantial corner premises running to approximately 211m² (2,271ft²). This includes office and staff toilets currently in place at the rear of the unit. The frontage to the High Street is approximately 11.2m (36.7ft). There is a similar return frontage to Pomona Road to the South of the premises. The property benefits from two parking spaces to the rear. The premises could suit many uses form its existing retail to café/restaurant (subject to any relevant consents). Please see floor plan for further details.
TERMS
Available by way of a new lease at a bargain rent of £10,000 in the first year, increasing to £15,000 per annum over the first 5 years of the lease. The intending tenant will be asked to contribute towards the landlord’s reasonable legal costs. All other terms by negotiation. The landlord may split the unit, if required.
UNIFORM BUSINESS RATE
Rateable Value: £11,000
2023/2024: £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
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 301434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com
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