LOCATION
Yarmouth is a historic and affluent town at the Western end of the Island with a regular ferry link to Lymington which in-turn has a rail link. This prominent property occupies a strong trading location in the heart of the town.
Rarely available to the market is this ground floor commercial unit occupying an excellent location just off The Square, behind the Town Hall. The property is visible from The Square and has a good splay of shop frontage and has just been the subject of a major internal refurbishment by the current tenant who has a new lease in situ which runs from the 1st November 2018 with a term of 4 years, ending on the 31st October 2022. The rent payable is £7,200 per annum (£600 per month). CURRENT TRADING BUSINESS NOT AFFECTED.
DESCRIPTION
The property comprises, a large window/frontage, with main door leading into the lobby. Leading off to the side is a large room (currently being used as a hair salon) with a useful storage room with WC to the rear. A back door allows access into the rear yard, where bins are stored.
The shop comprises around 431 sq. ft. (40.01 sq. m) with the main room being 309 sq. ft. (28.8 sq. m). There are sinks, a kitchenette, WC and plenty of storage cupboards. The shop comprises around 431 sq. ft (40.01 sq. m) with the main room being 309 sq. ft (28.8 sq. m). There are sinks, a kitchenette, WC and plenty of storage cupboards.
SERVICES
Mains water, electricity and phone line are connected to the property. Mains gas is available.
TERMS
The property is available at a Guide Price of £115,000 subject to continuation of the existing tenancy agreement.
LEGAL COSTS
Each party is to be responsible for its own costs incurred in any transaction.
SERVICE CHARGE
MAINTENANCE CHARGE – A percentage is apportioned to each dwelling per annum.
OTHER
TENURE Leasehold. 99 year term from 24th June 1987.
IMPORTANT NOTICE 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.
VIEWING
All viewings will be strictly by prior arrangement with the sole selling agent.
