Available
Ventnor – Vacant Shop
15 High Street, Ventnor, Isle of Wight PO38 1RZVirtual Freehold Retail Investment
Investment Consideration
- ERV: £9,000 p.a. GIY: 12.00%
- VAT is NOT applicable to this property
- Comprises ground floor retail shop
- Suitable for variety of uses (Class E)
- Situated in the heart of the town centre with nearby occupiers include Post Office and Premier Express, amongst others
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor retail shop previously t/a Pet Store, providing the following accommodation and dimensions:
Ground Floor: 73.40 sq m (790 sq ft)
Open plan retail, Storage, WC
Ground Floor: 73.40 sq m (790 sq ft)
Open plan retail, Storage, WC
Tenancy Description
The shop is at present vacant. ERV: £9,000 p.a.
Tenure:
Long leasehold. Held on a 999 year lease from 18 November 2011 at a ground rent of peppercorn.
Tenure:
Long leasehold. Held on a 999 year lease from 18 November 2011 at a ground rent of peppercorn.
Location Description
Ventnor is a seaside resort and civil parish established in the Victorian era on the south-east coast of the Isle of Wight, England, eleven miles (18 km) from Newport. It is situated south of St Boniface Down, and built on steep slopes leading down to the sea.