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83-85 High St 730 SF Retail Condo Unit Offered at $106,525 in Sandown PO36 8AQ
INVESTMENT HIGHLIGHTS
- Situated in the eastern section of the main High Street of Sandown
- Could suit a variety of uses (not catering)
- The unit measures some 730ft² (67.82m²) net sales overall
- The unit is available with vacant possession
EXECUTIVE SUMMARY
Situated in the eastern section of the main High Street of Sandown, which in turn is a popular resort town enjoying a wide variety of facilities within its boundaries, including the exceptional beach and Esplanade, opportunities such as this within the town are rarely available now, therefore early interest is encouraged. For a number of years the premises has operated as a whole, as a restaurant. However, the intention is now that Number 83 High Street will be used for retail or other appropriate Town Centre uses (not hot food), whilst Number 85 can continue as a catering outlet, benefiting from rear ancillary accommodation, including a commercial kitchen. The premises form the ground floor of a mid-terraced older-style property of traditional construction.
PROPERTY FACTS
| Total Building Size | 730 SF | Typical Floor Size | 243 SF |
| Property Type | Retail (Condo) | Year Built | 1990 |
| Property Subtype | Storefront Retail/Residential | Tenancy | Single |
| Building Class | C | Lot Size | 0.06 AC |
| Floors | 3 |
| Total Building Size | 730 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 243 SF |
| Year Built | 1990 |
| Tenancy | Single |
| Lot Size | 0.06 AC |
AMENITIES
- Bus Line
- Restaurant
1 UNIT AVAILABLE
Unit 83
| Unit Size | 730 SF | Condo Use | Retail |
| Price | $106,525 | Sale Type | Investment or Owner User |
| Price Per SF | $145.92 | Tenure | Freehold/Long Leasehold |
| Unit Size | 730 SF |
| Price | $106,525 |
| Price Per SF | $145.92 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Tenure | Freehold/Long Leasehold |
DESCRIPTION
Measuring some 37’6’’ deep x 19’4’’ wide, thereby providing overall about 730ft² (67.82m²), incorporating an entrance lobby, single WC with adjoining lobby, current suspended ceiling and part-tiled floor, and a former servery if required.
There is a central ceiling-mounted air con/heater unit, but please note that Scotcher & Co have not checked the serviceability of this, as this is the responsibility of an ingoing occupier.
SALE NOTES
By way of a new commercial lease, with terms by negotiation and effectively on a full repairing and insuring basis. The Landlord will insure the building with the tenant to pay their share of the premium.
Otherwise, the lease will include three-yearly upward-only rent reviews, and the Landlord will reserve the right to exclude the lease from the security provisions of the Landlord & Tenant Act 1954, Part II.
Price guide: £79,950.
NEARBY MAJOR RETAILERS
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83-85 High St
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