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Newport Road, CowesCommercial property for sale

£1,135,000
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About this property

Opportunity to purchase a mixed site of residential, commercial investment, stables and paddocks.

LOCATION
Situated in Northwood, a popular village to the south of the town of Cowes.

The village is within a short drive to both Cowes and Newport Town Centre. Cowes is an internationally famous yachting centre and, with its Red Funnel links from Southampton, a very popular destination for the locals, yachting community and tourists alike, offering amenities such as convenience shopping, doctors surgeries and eateries.

The site can be accessed from the main Newport to Cowes road, with vehicular access running down to the stables and industrial units.

DESCRIPTION
Offered for sale is this mixed residential and commercial site with paddock land measuring approximately 3.4 acres.

The site comprises of a well presented 4/5-bedroom bungalow, 3-bedroom annex, 31 industrial units, stables and paddocks. The property benefits from a large garden area housing sheds, stores, and a summer house.

The Bungalow
Bedroom 1 – 4.5m x 5.45m A master suite with dressing room & en-suite bathroom
Bedroom 2 – 3.3m x 4.4m
Bedroom 3 – 3.26m x 4.4m
Bedroom 4 – 2.5m x 1.9m
Bedroom 5 / Study- 2.5m x 1.8m
Living Room – 6.6m x 4.8m
Kitchen / Diner – 6.6m x 3.5m
Shower room – 2.9m x 2.1m
Conservatory
Parking for approximately 3/4 vehicles. Well established gardens to the front and rear.

The Annex
Bedroom 1
Bedroom 2
Living room
Kitchen
Bathroom

Industrial Units
There are 32 industrial units on site which are currently occupied on flexible terms. Total income per annum is circa £100,000. A schedule of rental income can be provided upon request.
We have been advised the units range in size with the following accommodation 2 x 60’, 16 x 30’x15’ and 14 x 18’ x 19’.

The Paddocks and Stables
4 x stables are located to the rear of the property and include a hay store and a tack room.

The paddocks measure approximately 1.5 acres and have a field shelter in situ. There are two entrances one via the yard adjacent to the house and another via a five-bar gate from Church Lane.

Please note: the residential premises is subject to an agricultural tie as defined in Section 290 (1) of the Town and Country Planning Act 1971.

SERVICES
The site benefits from mains electricity & water. Drainage for the site is via a septic tank.

Each unit is sub metred for electric and water.

TERMS
Our client is asking £1,135,000 for this freehold opportunity to include the tenancies in place.

The site is also available as three separate lots. Please contact HRD Commercial for further details.

OUTGOINGS
Each of the commercial units are individually rated, all being under the threshold to qualify for small business rates relief. For further information please visit the VOA website:
The bungalow and annex are both rated for council tax:
Bungalow: Band F
Annex Band A

VIEWING
All viewings to be arranged via HRD Commercial. Please call 01983 527727.

Map

Brochure

Property Brochure

Newport Road, Cowes

£1,135,000

Full PDF brochure containing all the details of the property in Newport Road, Cowes - £1,135,000

Branch

Commerical

The Estate Office, 138 High Street, Newport, Isle of Wight, PO30 1TY

01983 527727

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Opening hours

  • Monday08:30 - 17:30
  • Tuesday08:30 - 17:30
  • Wednesday08:30 - 17:30
  • Thursday08:30 - 17:30
  • Friday08:30 - 17:30

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