Property

LOCATION
Situated in Bembridge, a very popular village to the East of the Island.

Bembridge is a coastal village lying behind the spectacular headland of Culver. Offering a thriving village centre with fishmongers, butchers, cafes, delicatessens, restaurants and boutique shopping, the area has a great pace of life and a fantastic community feel.

The beaches of Bembridge are within a short walk of the property and Bembridge Harbour is close by with popular sailing clubs and easy mooring facilities.

DESCRIPTION
Offered for sale is this substantial semi-detached property offering a mix of both commercial and residential elements.

The ground floor retail area is home to 'Chesters of Bembridge' a pet supplies shop established in February 2024 by the current owners. In the short time they've been trading the vendors have generated a large customer base locally and across the island.

The shop extends to approximately 42sq m (450sq ft) overall and would suit a variety of uses for the village should a purchaser wish to explore a different avenue.

There is a sizeable courtyard garden to the rear measuring approximately 50 sqm with multiple access points from the side of the property, shop and apartment.

The current residential arrangements comprise the following:

Ground floor apartment, recently refurbished.
Bedroom 3.83m x 4.95m
Dressing Room / Nursery 3.83m x 2.1m
Kitchen 1.85m x 3.91m
Living / Dining Room 3.96m x 3.8m
Shower Room 2.1m x 1.3m

There is a sizeable courtyard garden to the rear measuring approximately 50 sqm with multiple access points from the apartment, shop or side of the property.

The first floor former apartment requires complete refurbishment throughout. The ideal accommodation would comprise:
Bedroom 1 3.63m x 4.32 max
Bedroom 2 3.56m x 2.92m
Kitchen/Living/Dining Room 6.62m x 4.89 max
Bathroom 3.99m x 2.14m max
Potential study area behind staircase

The ground floor has been completely re-wired and the windows have been replaced throughout with UPVC double glazed windows.

There is vast potential for this Victorian period property to be reconfigured in multiple ways. Options could include returning to a large 4/5-bedroom family home, separating to three self-contained units or even a HMO investment block, subject to gaining the necessary planning consents.

The property benefits from separate access from no.57 which currently allows access to the ground and first floor but could easily be separated off.

SERVICES
The property benefits from mains electricity, water and drainage. Mains gas is available but has been disconnected.

TERMS
PRICE REDUCTION FOR A QUICK SALE
Our client is asking Guide Price £325,000 for this freehold opportunity as a whole to include the FFGW & SAV if desired.

OUTGOINGS
The VOA shows a rateable value of £6,300. Rates payable will be circa £3,200 without any applicable reliefs. Please contact the VOA direct with any queries.

LEGAL COSTS
Each side to cover own legal fees.

VIEWING
All viewings to be arranged via HRD Commercial.