Fixed price
£65,000
(£82.28/sq. ft)
Retail premises for saleHigh Street, Ventnor PO38
790 sq. ft
About this property
Investment Consideration:
Purchase Price: £65,000
Gross Initial Yield: 7.60%
VAT is not applicable to this property
Comprises ground floor retail shop t/a Hobby Centre
Situated in the heart of the town centre with nearby occupiers include Post Office and Premier Express, amongst others.
Property Description:
Comprises ground floor retail shop t/a Hobby Centre, providing the following accommodation and dimensions:
Ground Floor: 73.40 sq m (790 sq ft)
Open plan retail, Storage, WC
Tenancy:
The shop is at present vacant let to Parsons Popculture Ltd t/a Hobby Centre for a term of 4 years from 8th April 2025 at a current rent of £4,940 p.a. And the lease contains full repairing and insuring covenants. Tenant option to determine on 3rd anniversary with min 6 months’ notice.
Tenure:
Long leasehold. Held on a 999 year lease from 18 November 2011 at a ground rent of peppercorn.
Location:
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.
Purchase Price: £65,000
Gross Initial Yield: 7.60%
VAT is not applicable to this property
Comprises ground floor retail shop t/a Hobby Centre
Situated in the heart of the town centre with nearby occupiers include Post Office and Premier Express, amongst others.
Property Description:
Comprises ground floor retail shop t/a Hobby Centre, providing the following accommodation and dimensions:
Ground Floor: 73.40 sq m (790 sq ft)
Open plan retail, Storage, WC
Tenancy:
The shop is at present vacant let to Parsons Popculture Ltd t/a Hobby Centre for a term of 4 years from 8th April 2025 at a current rent of £4,940 p.a. And the lease contains full repairing and insuring covenants. Tenant option to determine on 3rd anniversary with min 6 months’ notice.
Tenure:
Long leasehold. Held on a 999 year lease from 18 November 2011 at a ground rent of peppercorn.
Location:
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.
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