Property photos
£200,000
(£166.67/sq. ft)
Retail premises for sale
Regent Street, Shanklin PO371,200 sq. ft
Local area information
Property location
Nearby amenities
- St Blasius Shanklin CofE Primary Academy 0.2 miles
- Shanklin 0.3 miles
- Gatten and Lake Primary School 0.6 miles
- Lake 1.2 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
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.
More information
Listed by
Scotcher & Co
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