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10-11 High St, Cowes, Isle of Wight PO31 7RZ Shop and Flats For Sale or To Let

About the Project

Prime high street shop unit

With two self contained two bedroom flats above

10-11 High street
Cowes
Isle of Wight
PO31 7RZ

of interest to investors

 

(NOTE:  Carphone Warehouse are vacating shortly)

  • Prime High Street Shop
  • Separately Accessed Upper Floor Flats

Comprising Two Bedroom Units

  • Vacant Possession

AVAILABLE FOR SALE FREEHOLD

O.I.R.O £400,000

OR

AVAILABLE TO LET AS A WHOLE

AT £30,000 PER ANNUM

LOCATION

The property is located in the pedestrianised section of High Street, Cowes.  Nearby retailers include White Stuff, Musto, Fat Face and J Sainsbury.

There is rear access to the building, and two car parking spaces.

Cowes has a resident population of approximately 14,400 (2011 Census) and hosts a number of major yachting and boating events during the year.

DESCRIPTION

A mid-terrace three storey building. The ground floor of 10 and 11 High Street have been amalgamated with a single entrance door in the frontage.  The shop has a gross frontage of approximately 6.5m, and a built depth of 7.325m.  To the rear of the main retail areas there is a storage room, a separate office, staff kitchen and WC.

Each flat has a separate access at ground floor, to the rear of the building.  Each has a kitchen and living room to the first floor, and two bedrooms to the second floor  There is potential for  the flats to be sold separately, long leasehold.

RATEABLE VALUE & COUNCIL TAX

Following reference to the Valuation Office Agency website we note the following details:

Description – Shop and Premises                    Rateable Value – £14,500

10A is assessed within Council Tax Band B, and 11A within Council Tax Band A.

TENURE

Freehold with vacant possession, or

A new full repairing and insuring lease of the entire building, lease length and other terms by negotiation.

TERMS

Available for sale freehold with vacant possession, or under a new full repairing and insuring lease.

PLANNING

Prospective purchasers and tenants are recommended to make their own enquiries to the local planning authority, Isle of Wight Council, Seaclose, Fairlee Road, Newport, Isle of Wight, Telephone 01983 821000.

ENERGY PERFORMANCE CERTIFICATES

10A High Street has an Energy Efficiency Rating of F33.  11A High Street has an Energy Efficiency Rating of F33.  Further details are available on request.  The shop premises have yet to be assessed.

VAT

Please note, our clients advise that VAT will be payable on the purchase price, or rent.

For sale freehold with vacant possession at £400,000 (Four Hundred Thousand Pounds), or

available to let as a whole at £30,000 per annum. 

cowes shop for sale or to let

VIEWING

Strictly by appointment with sole agents

Daniells Harrison Chartered Surveyors

17 High Street
Newport
Isle of Wight
PO30 1SS

01983 821212

djw@dhcs.co.uk

Misrepresentation Act 1967 ­­ ­- Whilst all information in these particulars is believed to be correct, neither the agents nor their clients, guarantee its accuracy, nor is it intended to form part of a contract. All areas quoted are approximate

Property Misdescriptions Act 1991 (Service and Planning) – We confirm that we have not tested any of the service installations and any occupiers must satisfy themselves as the state of such items. Any plans include with these particulars are provided only to indicate the general location of the property. Any occupiers must check the stated Planning Use with the relevant Planning Office to ensure that it is in accordance with their intended use.