2 Bedroom Commercial Property for sale in Cowes, PO31
Bath Road, Cowes, PO31£250,000
Agent details
This property is listed with:
Full Details for 2 Bedroom Commercial Property for sale in Cowes, PO31 :
LOCATION
Cowes is the centre of UK yacht racing and home to an eclectic mix of national multiple lifestyle brands, as well as thriving upmarket local retailers. This well known and popular restaurant is located on the main road from the Town Centre to The Parade.
DESCRIPTION
The current owners have traded Thai cuisine for 25 years. The retail unit has the benefit of a fitted commercial kitchen, space to allow 39 covers inside and 25 covers in the undercover rear garden. The property is also Licensed and has A3 use under the Use Classes Order 2005. Other uses may be possible subject to planning and other consents.
The shop comprises the following approximate net internal areas and dimensions:
Ground Floor Restaurant
35 sq m (376 sq ft)
Ground Floor Kitchen
14 sq m (150 sq ft)
Garden Restaurant
27 sq m (290 sq ft)
WC/ Store at rear
Over the commercial element is 2 storey residential accommodation offering kitchen, sitting room with some views over the Solent, 2/3 bedrooms and bathroom. The entrance to the flat is via the garden but this could be changed to allow for separate access via Bath Road.
Once separated the residential accommodation could be a lovely pied-a-terre or, depending on the quality of finish, if let could provide an income around £7,800 - £8,400 per annum. Also a perfect location for holiday letting this could demand around £725 per week mid season.
TERMS
Our client is seeking offers in the region of £250,000 for the freehold, fixtures, fittings and goodwill. An inventory can be provided upon request. Accounts will be provided to bona fide applicants.
BUSINESS RATES & COUNCIL TAX
We understand the property is assessed as follows:
RV: £8,000. Rates payable before any business rate relief (at 2012/13 multiplier 0.458): £3664.00.
Council Tax: Band B.
Cowes is the centre of UK yacht racing and home to an eclectic mix of national multiple lifestyle brands, as well as thriving upmarket local retailers. This well known and popular restaurant is located on the main road from the Town Centre to The Parade.
DESCRIPTION
The current owners have traded Thai cuisine for 25 years. The retail unit has the benefit of a fitted commercial kitchen, space to allow 39 covers inside and 25 covers in the undercover rear garden. The property is also Licensed and has A3 use under the Use Classes Order 2005. Other uses may be possible subject to planning and other consents.
The shop comprises the following approximate net internal areas and dimensions:
Ground Floor Restaurant
35 sq m (376 sq ft)
Ground Floor Kitchen
14 sq m (150 sq ft)
Garden Restaurant
27 sq m (290 sq ft)
WC/ Store at rear
Over the commercial element is 2 storey residential accommodation offering kitchen, sitting room with some views over the Solent, 2/3 bedrooms and bathroom. The entrance to the flat is via the garden but this could be changed to allow for separate access via Bath Road.
Once separated the residential accommodation could be a lovely pied-a-terre or, depending on the quality of finish, if let could provide an income around £7,800 - £8,400 per annum. Also a perfect location for holiday letting this could demand around £725 per week mid season.
TERMS
Our client is seeking offers in the region of £250,000 for the freehold, fixtures, fittings and goodwill. An inventory can be provided upon request. Accounts will be provided to bona fide applicants.
BUSINESS RATES & COUNCIL TAX
We understand the property is assessed as follows:
RV: £8,000. Rates payable before any business rate relief (at 2012/13 multiplier 0.458): £3664.00.
Council Tax: Band B.
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