Property description
A well-located ground floor retail unit on Birmingham Road extending to some 69.1 m² (743 ft.²). Only a short walk to Cowes Yacht Haven, Shepherds Wharf Marina and Cowes Corinthian Yacht Club. Planning consent to extend the ground and first floors to the rear. Above the unit is a well-presented 4-5 bedroom 'Crew House' which is separately-available.
THE BUILDING
The property stands within a terrace of similar units with retail usage on the ground floor and residential above. The building dates from approximately 1895 and is constructed largely of brick-faced elevations under a slated roof.
GROUND FLOOR RETAIL UNIT (No. 16)
The retail unit fronts on to Birmingham Road (an extension of Cowes High Street). It is currently let to an established tenant with a rent of £10,000 per annum (paid quarterly in advance). In Terms of Zone A it extends to some 38.2 m. To the rear of the main shop is a kitchenette area, separate office and a store and a cloakroom with WC.
COUNCIL TAX The Retail Unit is subject to UBR. Rateable Value £5200
TENURE & POSSESSION, FIXTURES & FITTINGS The retails unit is let on a 10 year lease but vacant possession could be achieved earlier if required. The seller does not include in the sale any gas or electrical appliances, however connected, or any other fixtures, unless expressly mentioned in these particulars as forming part of the sale. Some items may be available by separate negotiation.
SERVICES & HEATING We are informed that the following mains services are connected to the property (or availble in the building) (subject to the conditions and stipulations of the relevant utility companies) electricity, gas, water and foul drainage.
Property Info: