Retail property (out of town) for sale
Property description & features
LOCATION
Located on Victoria Road, this property is within walking distance of the town centre and has plenty of parking directly outside.
Cowes is a buoyant town to the North of the Island and offers good shopping from multi nationals and boutique stores. There are numerous cafes and restaurants and easy access to the Red Jet with links to Southampton and beyond.
DESCRIPTION
Offered for sale is this great mixed use property consisting of a commercial unit to the ground floor and basement, and a residential apartment to the first and second floor.
The commercial unit offers approximately 55 sqm (592 sq ft) overall which was most recently utilised as a fish and chip shop and the basement as a prep area.
The apartment is let on the remainder of a 3 year lease via the Isle of Wight Council. It is accessed via an external staircase to the rear and consists of:
2 bedrooms
Living room
Kitchen/diner
Bathroom
EPC: C
SERVICES
The property benefits from mains gas, electricity, water and drainage. The apartment is separately metered.
TERMS
Our client is asking Guide Price £275,000 for this freehold property to include the fixtures, fittings and goodwill of the shop.
The commercial unit may be available to lease subject to separate negotiations.
OUTGOINGS
The VOA shows a rateable value of £2,900. Rates payable will be circa £1,450 without any applicable small business rates relief. All enquiries should be made direct to the Valuation Office Agency.
The apartment is rated for Council Tax - Band B.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact[use Contact Agent Button] or [use Contact Agent Button]
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