Cowes, Isle of Wight

A fantastic investment opportunity to purchase a contemporary combined retail/ office property in a prime waterfront location in Cowes.

Situated within this striking modern building and with large widows providing views over the harbour entrance and wider Solent. Extending to around 148 m2 overall, there is a spacious retail unit/ office to the front of the building of around 46 m2 overlooking The Parade behind which are five meeting rooms and offices extending to around 70m2 which have the potential to be let out, (in addition to a store room, kitchen and toilet/ shower room). The property includes the extensive paved area to the front.

Cowes is an internationally renowned yachting centre and, with its high-speed ferry links to Southampton, a very popular destination for the locals, yachting community and tourists alike. There is ample parking adjacent available on The Parade.

The property comprises:

PRINCIPAL OFFICE/ RETAIL UNIT – Deep glazed windows across the front and part of the side elevations provide views over the Harbour Entrance and over the Solent. This stunning, contemporary space provides a versatile office/retail space.

To the rear are five further MEETING ROOMS /OFFICES/ approached via a central corridor as well as STOREROOM, KITCHEN and TOILET/SHOWER facilities, as shown on the floorplan. The MEETING ROOM includes a range of built-in cupboards and air conditioning whilst beyond are four separate OFFICES of varying sizes. The KITCHEN AREA has a range of cupboards, worksurface, sink unit and space for a fridge. The toilet facilities include a toilet with disability access, washbasin and shower area.

The main office is approached via a pair of glazed doors from The Parade while there is also a rear access through what principally comprises store rooms for the apartments above leading to steps providing access up to Bath Road. The Leaseholder has the benefit of access through this area whilst any sub-tenants purely have a right of access to exit the building through this route. Note: There is a right of access reserved through the main office to the lift shaft for maintenance purposes only. The property includes the extensive paved area to the front where there is also further display space.

SERVICES Mains water, electricity and drainage. Combined air conditioning / heating to front office and meeting room.

TENURE Leasehold with share of the Freehold. 999 year lease from 2007. Annual service charge of approximately £4,000 inclusive of insurance.

EPC Rating D

BUSINESS RATES The premises currently has a ratable value of £13,500 resulting in a current annual rates of £3,368.25. When offices were previously sub-let, the rates were recalculated to reflect this.

POSTCODE PO31 7QJ

VIEWINGS All viewings will be strictly by prior arrangement with the sole selling agents, Spence Willard.

Important Notice
1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Spence Willard in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice.