LEASEHOLD INTEREST

The property is comprised of ground floor only, which is made up of the main banking hall, interview and staff rooms. Tenure The property is held on an existing FRI lease due to expire 14/06/2027, at a passing rent of £18,500 per annum exclusive, with a break option at 14/06/2022 and a rent review scheduled for 25/03/2019. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £11,000.00 and the rates payable are £5,280.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
Less

Location Description

Shanklin is located on the Isle of Wight, and the unit is located on the High Street. The surrounding tenants are mainly of local covenant, with some national occupiers nearby. Recognised occupiers include Betfred and Boots.

Sizes and Measurements

Total Size

2,732sqft

Sales Area

2,732sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,732sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease End

14/06/2027

Next Lease Break

14/06/2022

Lease type

Assignment

For rent

£18,500/pa

UBR

48p

Ratable Value

£11,000.00

Business Rates

£5,280/pa

Specification

  • Former Bank premises
  • Planning consent for various uses
  • Flexible lease terms available

Floorplan

SHANKLIN HIGH ST 53

Photos

SHANKLIN HIGH ST_ 53

Other properties in this area

BESbswy