544 in Sandown
83 - 85 High Street, Sandown PO36 8AQ
- Lot No: 103
- Property Type: 544
- Contract Type: Unconditional with Fixed Fee
Guide Price* £125,000+ plus fees
Result Sold After Auction
Property Description
A ground floor double commercial unit located along the High Street, Sandown known as numbers 83 and 85 and having 60 covers and extending approximately 1,835 square foot. The units at the time of listing are occupied by a restaurant currently paying £15,600 per annum and trading as Serenitys however we have been advised by the vendor there will be vacant possession from December 2022. The vendor has advised that the unit can be split into two separate units with the number 85 having extraction and other catering equipment along with an A2 licence. We advise interested parties to inspect the premises and the legal pack before bidding. Set towards the eastern end of Sandowns High Street putting it close to Culver Parade, the beaches and Sandown Espalande, providing high footfall and benefitting from the dramatic improvement to this area including the redevelopment of the cafe and amusement arcade to luxury houses and apartments and the development of the Pitch and Put and Park area which should prove a large draw to tourists during the coming summer season. Sandown forms part of the Sandown-Shanklin-Lake conurbation which wrap around Sandown Bay with the sandy beaches and leisure offer of the area ensuring high numbers of visitors tourists and locals, which swell the area's population of circa 19,500. Sandown s seafront is a magnet to tourists and locals alike, flocking to the area to enjoy the many facilities and amenities on offer besides the famous sandy beaches including the Isle of Wight Zoo, Dinosaur Island, Browns Pitch & Putt and boat park and Sandown Pier with its rides and attractions.
Tenure
Freehold
Auction Details
Date 24th November 2022
Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
Lot Information
Contact Us
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