Investment Properties for sale in Shanklin

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Investment Opportunity Shanklin isle of Wight

Shanklin, Isle of Wight, England

  • Freehold Price: £130,000
Seller Reference: COM328
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Business Description
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Seller Reference: COM328
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Business Description
Investment opportunity with tenant in situ. Smartly presented premises situated on Shanklin High Street with A3 consent.

The freehold interest of the property with the tenant in situ is offered with the benefit of the ground rent collected from the basement flat and flats above.

Situated on the High Street of this popular seaside resort is this smartly presented premises with A3 consent currently traded by the tenant as an ice cream parlour and bistro.

The premises is currently let on a new five year lease at rent of £12,000 per annum. There is approximately 100 sq m of trading space plus kitchen and ancillary staff areas. Modern folding doors open to the street. The freehold offered has the benefit of ground rents collected for the basement and flats above amounting to £225 per annum. The premises would be suitable for a variety of uses with presumed consent to revert to A1 or A2 use in the future if required.
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