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Select from our Offices

Waterside House
72a High Street
Cowes
Isle of Wight
PO31 7RE

01983 200880
cowes@spencewillard.co.uk

Charles Spence
Charles Spence
Spence Willard team
Emma Bradley
Tanya Hill
Tanya Hill
Zadie Margham
Philip Weeks
Gaynor Owen

Sherbourne Street
Bembridge
Isle of Wight
PO35 5SB

01983 873000
bembridge@spencewillard.co.uk

Spence Willard team
Sam Branston
Hannah Cook
Hannah Cook
Lauren Taylor
Charlotte Branston
Charlotte Branston

The Square
Yarmouth
Isle of Wight
PO41 0NP

01983 761005
yarmouth@spencewillard.co.uk

Spence Willard Yarmouth
Spence Willard team
Duncan Willard
Lesley Samson
Lesley Samson

The Old Bank
Tennyson Road
Freshwater
Isle of Wight
PO40 9AB

01983 756575
freshwater@spencewillard.co.uk

Jason Siviter
Jason Siviter
David Langford
David Langford
Cynthia Robertson

The Square
Yarmouth
Isle of Wight
PO41 0NP

01983 761005 opt 2
lettings@spencewillard.co.uk

Spence Willard office
Laura Homes
Alice MacNab
Alice MacNab
Henrietta MacLean
Henrietta MacLean

40 St James' Place
London
SW1A 1NS

020 7839 0888
london@spencewillard.co.uk

Spence Willard London office
Bob Bickersteth
Bob Bickersteth
Contact

The property currently comprises two separately accessed commercial units with a good sized shop unit to the ground floor and an office premises to the first floor. There is an enclosed courtyard area to the rear of the building with a gated side access from Avenue Road. A property to the rear of Clifton Buildings enjoys a pedestrian right of way over the courtyard and along the side access to Avenue Road.

The ground floor double fronted shop unit has a popular café business as a tenant with an extended lease until April 2028 and comprises of a main front retail space as well as a separate kitchen area, rear store and a WC.

The first floor office premises is currently vacant and has the benefit of recently granted planning permission to be converted into residential use if required. Alternatively, a new commercial tenant could be sought. The office space is currently subdivided into three separate office areas, a reception/office space, an internal storage room, two WCs and a small kitchen space. To the ground floor there is also an additional store room adjacent to the staircase. Above the office space is a large roof space which could also provide even further accommodation should any necessary permission/building regulation be granted.

LOCATION

Freshwater is the main commercial centre of the West Wight and enjoys a number of popular beaches and bays, together with miles of downland and coastal walks and trails making the area a popular tourist destination, attracting a large number of visitors to the village and surrounding area. The premises is situated in the heart of this thriving West Wight village, along the main commercial street and is adjacent to well established local business and services including a Pharmacy, newsagent, bakery, butchers/fishmongers to name but a few. There is 30 minute restricted public on-road parking directly opposite the premises as well as a longer stay public car park around a hundred yards away.

CEPC RATING

Ground Floor Shop Unit – B
First Floor Office – B

TENURE

Freehold and subject to a lease on both commercial units.
Shop Unit £7500 per annum – Lease until 19th April 2023 with a five year extension of the lease until 19th April 2028 incorporating a 36 month rent review within the five year extension period.
Office Premises Previously £6000 per annum – Currently Vacant.

POSTCODE

PO40 9UT

VIEWING

Strictly by appointment with the selling agent, Spence Willard.

1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Spence Willard in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only.
3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.
4. VAT: The VAT position relating to the property may change without notice.