For sale by auction jointly with Clive Emson Auctioneers is this historic mixed occupancy commercial/residential investment, with potential for further investment and income opportunities. ***(Current business occupancies and tenancies are unaffected.)***

Brading, Investments/developments/land

Price Guide - £200-220,000 * Plus Fees
Location – Brading
EPC – The 'Old Building' is exempt due to its Grade II Listing, the rest of the premises are covered by an EPC graded 'C'
A most unusual and rare opportunity to purchase this investment opportunity, comprising an historic landmark building, in part overlooking the main thoroughfare through Brading. Rectory Mansion is also steeped in history, and is a part-Listed architectural building with a great deal of character and charm, and it should be viewed to be fully appreciated. For many years, the property was known as ‘Brading Waxworks’; however, the current owners have established the property now as a popular business venue, home to a wide variety of occupiers as tenants. In the most part, sited round a delightful paved character courtyard, and comprising a variety of business occupiers ranging from retail to service providers. A current tenancy schedule is available upon request, as is a current floor/layout plan, but only to bona fide applicants and/or their professional advisors. Current p/c exists for consent to convert the first and second floor of the main building to four residential units under 23/01049/FUL. Currently let at £27,126 per annum plus three empty units. Potential rent fully let is £38,571 per annum. Price Guide - £250,000 Freehold Auction Date – 1st May 2024