Shop Premises to Lease in Prime Location

Location

The Shop is located in the heart of Shanklin's prime retail strip in Regent Street, close to Shoezone, Grace’s bakers and other national chains and specialist shops. Regent Street is linked one end to the High Street and to the railway station at the other. The trains link the town with Lake, Sandown, Brading and Ryde with its fast ferry passenger services to the Portsmouth and Southsea and the mainland beyond. 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 and Lake conurbation which wrap around Sandown Bay. The sandy beaches and leisure offer of the area ensures high numbers of visitors and tourists which boost the local population of around 19,500.

Description

The shop has a 4 metre (13.1ft) frontage to Regent Street with the main retail area running to circa 24.77 m² (267 ft²) and the total area to circa 49.72 m² (535 ft²) including store, w.c. & staff facilities. There is a small store room to the rear with WC and wash basin facility. Please see floor plan for further details.

Terms

Premises offered by way of a new lease, with a rent of £10,000 per annum.

Uniform Business Rate

Rateable Value: £7,400

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