Key features
- Facing on to Brading High Street, the premises would suit Retail or Office use
- Current passing rent of £4,200pa on a 12-month lease outside the act
- The unit runs to a total of 16m² (172ft²)
- Offers in the region of £38,000 on a 989-year lease
LOCATION
Located in Brading High Street. Brading is one of the Islands oldest historic towns, pre-dating Roman times and boasts a Roman Villa, a highly popular tourist attraction, with the remains of a 12 room Roman building. Brading also benefits from being close to Bembridge and the Sandown, Shanklin, Lake conurbation increasing its popularity as a destination location. It also has a railway station linking the town to Ryde and fast passenger ferry links from the mainland bringing numerous tourists to the area.
DESCRIPTION
Ground floor lock-up unit running to a total of 16m² (172ft²) with good display window fronting Brading High Street. The unit has recently been refurbished and would suit either retail or office use. The property will need to have its own electricity meter installed. Please see floor plan overleaf for further detail.
THE LEASE
Passing rent of £4,200 per annum on a 12-month lease outside the Act
TERMS
Offered for sale at £38,000 on a 989-year lease
UNIFORM BUSINESS RATE
Rateable Value: TBA 2024/2025: 54.6p 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 Dot Lucy on 01983 301 434. E: gchambers@gullyhoward.com or dlucy@gullyhoward.com
UNDER NO CIRCUMSTANCES SHOULD ANY DIRECT APPROACH BE MADE TO ANYONE AT THE PROPERTY, AS THEY WILL BE UNABLE TO ASSIST WITH ANY ENQUIRIES
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