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
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

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
  • 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

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.

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

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.

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.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    518 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Zevi Prager 02030367316zprager@fladgate.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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