4 High Street Sandown Isle of Wight PO36 8DA

4 High Street
Sandown
Isle of Wight
PO36 8DA

Town Centre Retail and Residential Investment

Let to RSPCA on a new 5 year lease (subject to option)
High Street location
Popular Isle of Wight tourist destination
Nearby occupiers include Boots the Chemist, Sainsbury's Local, Lloyds Bank and a number of hotels

Lot
77
Auction
13th July 2017
Rent
£7,225 per Annum Exclusive
Status
Sold
Price
£68,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Town Centre Retail and Residential Investment

Let to RSPCA on a new 5 year lease (subject to option)
High Street location
Popular Isle of Wight tourist destination
Nearby occupiers include Boots the Chemist, Sainsbury's Local, Lloyds Bank and a number of hotels

Lot 77
Auction 13th July 2017
Rent £7,225 per Annum Exclusive
Status Sold
Price £68,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 10 miles south-east of Newport, 12 miles south-east of Cowes, 16 miles south of Portsmouth
Roads: M275, A3, A3055
Rail: Sandown Railway Station, Portsmouth Harbour Railway Station
Air: Southampton Airport, London Gatwick Airport

Situation

Sandown is a popular tourist destination situated on the south-east coast of the Isle of Wight. The property is situated on the south side of High Street in the town centre, close to its junction with Pier Street and some 160 metres north of Sandown pier and Esplanade. Neighbouring occupiers include Boots the Chemist, Sainsbury's Local and Lloyds Bank. The Royal Pier Hotel, Trouville Hotel and Ocean Hotel are also close by and the town is home to the Isle of Wight Zoo.

Tenure

Virtual Freehold. 999 years from 10/12/1853 until 09/12/2852 at £7 per annum.

Location

Miles: 10 miles south-east of Newport, 12 miles south-east of Cowes, 16 miles south of Portsmouth
Roads: M275, A3, A3055
Rail: Sandown Railway Station, Portsmouth Harbour Railway Station
Air: Southampton Airport, London Gatwick Airport

Situation

Tenure

Virtual Freehold. 999 years from 10/12/1853 until 09/12/2852 at £7 per annum.

Description

The property comprises a ground floor retail unit with self contained residential accommodation on the first and second floors, which have been let on a long lease. The property benefits from an external store area.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
4	Ground	Retail	52 sq m	(561 sq ft)	RSPCA (1)	5 years from 08/09/2016 (2)	£7,200	07/09/2021
4a	First & Second	Residential	Not measured		INDIVIDUAL	999 years less 3 days from 10/12/1853	£25	06/12/2852
Total Commercial Area:			52 sq m	(561 sq ft)			£7,225

(1) The RSPCA is a registered charity in England and Wales and operates around 215 RSPCA shops. (Source: www.rspca.org.uk 01/06/2017)
(2) The lease provides an option to determine on 08/03/2019.