43-45 Regent Street, Shanklin, Isle of Wight PO37 7AF

A long leasehold mid terraced commercial investment opportunity.

The ground floor is occupied by the British Heart Foundation. The double unit is held on a lease on a rolling basis paying £15,000 per annum following a 9 year lease commencing 2016.

Prime Town Centre Location – Shanklin, Isle of Wight
The property occupies a prominent position on Regent Street, in the heart of Shanklin town centre, one of the Isle of Wight’s established seaside resorts.

Regent Street provides a well-established retail and commercial environment, benefiting from a mix of national retailers, independent businesses, cafés, restaurants and local services. The property is situated close to the junction with Clarendon Road and is well positioned to benefit from strong passing trade and regular pedestrian footfall.

Shanklin attracts both a substantial local population and significant seasonal tourism, with visitors drawn to its sandy beach, traditional seafront, shops and leisure attractions. The town also benefits from good public transport connections, including Shanklin railway station, providing links across the island.

1000 years from 11 October 1865

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 2% inc. VAT of the purchase price (subject to a minimum of £3,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.