Freehold Investment for Auction Shanklin PO37

Guide Price: £825,000
Auction Date: 24/04/2025

Guide Price £825,000. A substantial building offering Bar, Restaurant and extensive terraces to the front, with panoramic views of the beaches. The property is let on a Fully Repairing and Insuring lease on a 15 year term from 1st February 2018. The current passing rent is £82,250 per annum. The current owners are holding a 6 month rent deposit along with two separate rent guarantors that will be passed on to the purchaser.

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