Lot 49: TOWN CENTRE MIXED INVESTMENT COMPRISING RETAIL SPACE AND TWO TWO-BEDROOM FLATS

Situated in the heart of Cowes, the internationally renowned yachting centre, this freehold mixed investment comprises retail space on the ground floor and a pair of two-bedroom flats on the first and second floors above. The flats enjoy a separate access from the rear of the building.

The ground floor retail space has previously traded as two separate shop units but is, at present, arranged as a single interconnecting unit and was last in use by a mobile telephone retailer.

The building is in need of upgrading and refurbishment, beyond which it is considered ideal for addition to an income-producing investment portfolio. Alternatively, the flats could potentially be sold on a long leasehold basis, once refurbished, with the ground floor retail income retained.

Ground Floor

Interconnecting shop units comprising main retail area to the front, office and store to the rear and staff cloakroom with W.C.

Flat 10A

Ground Floor

Shower room with W.C.

First Floor

Kitchen, living room and inner hall with staircase to second floor.

Second Floor

Two bedrooms.

Flat 11A

First Floor

Kitchen, living room and cloakroom with W.C.

Second Floor

Two bedrooms, both with en-suite shower rooms with W.C.s.

Outside

Small courtyard garden to the rear accessed via Cross Street.

Freehold with Vacant Possession

Residential EPC: F
Commercial EPC: C

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