12 & 12A Avenue Road, Sandown, Isle Of Wight, PO36 8BN
Clive Emson Land & Property AuctioneersClive Emson Auctioneers is one of the UK’s leading property auction houses, specializing in residential, commercial, and land sales. With decades of experience, they provide expert advice and a seamless auction process, attracting buyers and sellers across London, the South East, and the West Country.
Read more Read moreThis freehold investment opportunity is situated on Avenue Road, one of the main thoroughfares through the seaside town of Sandown in a largely residential district, a short distance from Sandown's splendid seafront and sandy beach. The building is let as a single entity under the terms of a single lease, with the ground floor arranged as a convenience store, while on the first floor there is a residential apartment. The original 2018 lease was for a period of 20 years and we are advised that the next rent review is due in 2026. Ground Floor Commercial Retail/convenience store. EPC Rating B (50). Total Floor Area 216 sq.m. First Floor Residential Apartment 12A At the time of publication the Auctioneers have been unable to inspect the residential accommodation. Outside It is believed that there are gardens to the rear. Tenancy Let under the terms of a lease for a term of 20 years from 15th October 2018 at a current rental of £18,350 per annum. EPC Rating E Council Tax Band B
