*** FOR SALE BY ONLINE AUCTION *** 19th September 2019 Mixed Commercial & Residential Property in need of modernistaion in High Street Location
MIXED USE PROPERTY COMPRISING VACANT HIGH STREET SHOP WITH 3 BEDROOM FLAT ABOVE IN NEED OF MODERNISATION THROUGHOUT
Situated in a prominent location on the High Street the property has previously been let generating an income of £10,236pa for the commercial property and once modernised the flat should generate a yield of £8,100pa according to local agents
ACCOMMODATION
GROUND FLOOR Main Retail Area Kitchen Cloakroom FIRST FLOOR Entrance Hall: 22' 0" x 14' 5" (6.71m x 4.39m) Lounge: 16' 2" x 13' 11" (4.93m x 4.24m) Kitchen/Breakfast Room: 13' 9" x 7' 9" (4.19m x 2.36m) Bedroom One: 15' 7" x 15' 0" (4.75m x 4.57m) Bedroom Two: 14' 7" x 10' 2" (4.44m x 3.1m) Bedroom Three: 10' 0" x 6' 5" (3.05m x 1.96m) Bathroom: 9' 10" x 5' (3m x 1.52m) EXTERIOR
Single Fronted High Street Shop with illuminated signage and predominantly glass frontage there is a free public parking area on the opposite side of the street LOCATION
Set in the centre of Shanklin on the High Street the property is ideally located being about 650 yards East of Shanklin Beach Additional Fees Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Tenure

Freehold

Lot Type

Mixed Use

EPC Rating

Shop C, Flat F

Energy Efficiency Rating (EPC)

Current Rating C

Additional Fees

Buyer's Premium - Buyer's Premium £1,800.00 Inc VAT

Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT (Subject to a minimum of £900 inc VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.