Freehold boatyard site. Single storey building formerly occupied for marine services together with associated parking. Larger site area to the south with potential. Vacant

Investment for sale - Bembridge Boatyard, Embankment Road, Bembridge

Description The property comprises the ground and first floor of a two storey detached building with exposed brick and flint elevations beneath a pitched roof. Tenure The property is held freehold (Title Number WSX193603) as outlined in the above promap with the area outlined in blue sold off on a 99 year lease from 25 March 1967 at a peppercorn rent. Tenancy The entire property is let to Lillywhite Pub Group Limited on a 20 year lease from 29 July 2022 at a current rent of £102,000 per annum which is subject to five yearly open market rent reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £26,797 is held by the landlord. Planning The property is not listed but is situated within Felpham Conservation Area. VAT It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered. EPC E - 108 Terms We are instructed to invite offers in excess of £1,480,000 (6.50% NIY) assuming the usual purchasers costs. Fixtures and Fittings The fixtures and fittings are currently owned by the occupational tenant. Money Laundering Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence. Viewings All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff. 
 
For further information and all viewing requests please contact the sole selling agents Savills.

Investment for sale - Fox, Waterloo Road, Bognor Regis, PO22 7EH

The property comprises a ground floor shop forming part of a larger building.

Investment for sale - 15 High Street, Ventnor

The property comprises a high yielding retail investment forming a popular roadside parade.

Arranged across ground floor only, the property comprises eight retail units and is multi-let to four tenants, with some tenants occupying double units.

Unit 6 is currently vacant, offering immediate asset management potential via letting, furthermore the tenant of Units 4 & 5 has been holding over since 2020 and therefore the unit may offer asset management potential via renewal of the lease and improvement of rents.

The parade benefits from a prominent pitch fronting Copnor Road, an arterial route in the popular suburb of Hilsea. The property benefits from ample parking to the front, providing good levels of footfall from passing traffic.

in Gosport

Investment for sale - Bembridge Boatyard, Embankment Road, Bembridge

Investment for sale - Fox, Waterloo Road, Bognor Regis, PO22 7EH

Investment for sale - 15 High Street, Ventnor

Investment for sale - Units 1-8 Walberant Buildings, Copnor Road, Portsmouth

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