£200,000
(£166.67/sq. ft)
Retail premises for saleRegent Street, Shanklin PO37
1,200 sq. ft
About this property
Well-situated within what is generally considered the main commercial street of Shanklin, which itself in turn is a very popular local resort town, enjoying a good year-round trade, which is supplemented considerably during the seasonal months by tourism input. It has within its boundaries a wide variety of facilities, including the ever-popular Esplanade and beach overlooking Sandown Bay.
The ground floor comprises three lock-up commercial units, all currently let to provide a gross income of some £19,840 p.a.x. Car parking to the rear of the property, with the spaces allocated to tenants.
Access stairs either end of the main building lead up to the two upper floors, which were professionally converted in recent years into six individual flats, sold off separately on ground leases and bringing in a further annual income of £1,296 pa.
Total gross annual income: £21,138 pa, representing a gross yield before costs of approx. 10.57% yield on capital.
The ground floor comprises three lock-up commercial units, all currently let to provide a gross income of some £19,840 p.a.x. Car parking to the rear of the property, with the spaces allocated to tenants.
Access stairs either end of the main building lead up to the two upper floors, which were professionally converted in recent years into six individual flats, sold off separately on ground leases and bringing in a further annual income of £1,296 pa.
Total gross annual income: £21,138 pa, representing a gross yield before costs of approx. 10.57% yield on capital.
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