Property photos
Freehold
£230,000
(£211.40/sq. ft)
Studio for sale
High Street, Shanklin PO371 bath
1 reception
1,088 sq. ft
Local area information
Property location
Nearby amenities
- St Blasius Shanklin CofE Primary Academy 0.1 miles
- Shanklin 0.4 miles
- Gatten and Lake Primary School 0.7 miles
- Lake 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Shanklin to find out more about the local area.
Features and description
- Freehold
- Ideal investment property
- Shop & spacious 2 bed flat
- Kitchen/diner
- Town centre location
- Annual income (on full occupation) £14,840
- Gas central heating & uPVC double glazed
For the attention of investors. An opportunity to acquire a Ground Floor Shop and a two bedroom First Floor Flat on Shanklin High Street that offers convenient access to both the picturesque Old Village and the good selection of shops and amenities of Regent Street. Also, within close proximity is the beach and Esplanade and a long stay public car park.
The shop is currently let on a 3 year lease from August 2024 at £6,500 pa and the flat was most recently rented at £8,340 pa. Interested applicants should contact the office for further details of the tenancies. The accommodation comprises:
Ground Floor Shop
Main Shop Area (6.15m max x 4.98m (20'2 max x 16'4))
With glazed window displays
Inner Shop Area (4.27m 1.22m x 3.35m (14' 4 x 11'))
Back Shop (3.45m x 3.05m (11'4 x 10'))
Rear staff area comprising staff kitchen area with sink, store cupboard, shower room and two stockrooms. Door to outside with pedestrian access onto Orchardleigh Road and with further store.
Rear Staff Area
Comprising staff kitchen area with sink, store cupboard, shower room and two stockrooms. Door to outside with pedestrian access onto Orchardleigh Road and with further store.
First Floor Flat
First Floor Flat
Lounge (5.31m into bay x 3.86m (17'5 into bay x 12'8))
Bedroom 2 (2.11m x 3.45m (6'11 x 11'4))
Bathroom
Kitchen (4.39m x 3.28m (14'5 x 10'9))
With Valiant Gas Fired boiler supplying domestic hot water and central heating
Bedroom 1 (3.35m x 3.40m into wardrobes (11' x 11'2 into ward)
Separate Wc
Services
Shop- mains electricity, water and drainage
Flat - all main services available
Tenure
Freehold (tbc)
Council Tax
Flat Band A
Shop Uniform Business Rate £5,200 (1 April 2023/24)
Can be confirmed by iow Council.
We understand that there maybe Small Business Rate Relief available on the shop. Applicants should enquire to the iow Council for confirmation.
The shop is currently let on a 3 year lease from August 2024 at £6,500 pa and the flat was most recently rented at £8,340 pa. Interested applicants should contact the office for further details of the tenancies. The accommodation comprises:
Ground Floor Shop
Main Shop Area (6.15m max x 4.98m (20'2 max x 16'4))
With glazed window displays
Inner Shop Area (4.27m 1.22m x 3.35m (14' 4 x 11'))
Back Shop (3.45m x 3.05m (11'4 x 10'))
Rear staff area comprising staff kitchen area with sink, store cupboard, shower room and two stockrooms. Door to outside with pedestrian access onto Orchardleigh Road and with further store.
Rear Staff Area
Comprising staff kitchen area with sink, store cupboard, shower room and two stockrooms. Door to outside with pedestrian access onto Orchardleigh Road and with further store.
First Floor Flat
First Floor Flat
Lounge (5.31m into bay x 3.86m (17'5 into bay x 12'8))
Bedroom 2 (2.11m x 3.45m (6'11 x 11'4))
Bathroom
Kitchen (4.39m x 3.28m (14'5 x 10'9))
With Valiant Gas Fired boiler supplying domestic hot water and central heating
Bedroom 1 (3.35m x 3.40m into wardrobes (11' x 11'2 into ward)
Separate Wc
Services
Shop- mains electricity, water and drainage
Flat - all main services available
Tenure
Freehold (tbc)
Council Tax
Flat Band A
Shop Uniform Business Rate £5,200 (1 April 2023/24)
Can be confirmed by iow Council.
We understand that there maybe Small Business Rate Relief available on the shop. Applicants should enquire to the iow Council for confirmation.
Floor plans and tours
Floor plans (1)
More information
Listed by
Arthur Wheeler Estate Agents
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Property descriptions and related information displayed on this page are marketing materials provided by - Arthur Wheeler Estate Agents. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Arthur Wheeler Estate Agents for full details and further information.