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£556,000

High Street, Cowes, PO31

  • 2 beds
Other

£556,000

  • 2 beds
Other
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Estimate monthly mortgage payment:

£2,538 per month

Minimum deposit amount:

£27,800
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A rare opportunity to acquire this substantial freehold commercial property located in central Cowes with the busy pedestrian precinct between the High Speed Red Jet terminal and Cowes esplanade. The ground floor shop premises is affectionately known as That Shop and has traded for many years selling collectibles and other items of interest. Above the Shop there is a one bedroom flat and a studio apartment both of which have been Let on Shorthold tenancies. Directly behind the shop there is terraced gardens and within the garden area there is a Grade II Listed Store/Dwelling which is extremely unusual in central Cowes. Directly to the back of the Shop is a garden chalet. Viewing is highly recommended strictly by appointment with the Vendors Agent.

Shop

9.75m max x 3.96m widening to 5.36m (32' max x 13

into chimney recess. Stripped flooring and large glazed display windows to the High Street.

Rear Storage Area

1.47m x 5.11m (4'10 x 16'9 )

Separate low level WC.

First Floor

Flat 38A

Lounge/Diner

5.31m x 5.05m (17'5 x 16'7 )

Radiator. Two double glazed windows. Reputed ships beam to ceiling.

Kitchen

3.96m x 1.68m (13' x 5'6 )

Range of floor and wall cupboards. Built in electric cooker and gas hob. Plumbing for washing machine. Beamed ceiling. Inset sink unit with mixer tap over.

Bedroom

3.99m x 2.13m (13'1 x 7')

Double glazed window. Radiator.

Bathroom

Corner bath. Low level WC and pedestal wash basin. Gas boiler for both flats. Radiator. Door to:

Garden

Gravelled and paved garden area.

EPC

EPC rating D (68 - 79) TOTAL FLOOR AREA - 53 square metres

Rental per calendar month

Previously rented ?540 per calendar month

Flat 38B

Entry from first floor landing. Stairway to upper floor.

Studio Room

8.28m x 3.45m widening to 5.49m (27'2 x 11'4 wid

Two radiators. Sloping ceilings. KITCHEN AREA with fitted floor cupboards, sink unit and gas cooker.

Bathroom

Panelled bath with shower over. Pedestal wash basin and low level WC.

EPC

EPC Rating E (51 - 75) TOTAL FLOOR AREA - 45 square metres

Rental per calendar month

?440 per calendar month

Substantial Store with Mezanine Level

5.26m x 3.99m (17'3 x 13'1 )

Power, mains water and a solid fuel stove. Two built in bunk beds. Grade II Listed. Covered Well.

Outside

Terraced rear gardens. Covered Veranda with outside power points. Paved patio and decked area. Timber Summer Chalet 7'11 x 10'. Brick Outhouse with soil pipe. Brick built Tool Shed.

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£2,538 per month
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Stamp Duty tax
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£6,550
Mortgage and legal costs:
£999
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