One The Parade, Cowes, PO31 7QJ

Commercial for sale

£275,000


A fantastic opportunity to purchase an investment property in a great location in Cowes.

LOCATION
Situated on Cowes Parade this office has fantastic views over the Solent within a mixture of various neighbouring commercial and residential properties.

Cowes is an internationally renowned yachting centre and, with its Red Funnel links from Southampton, a very popular destination for the locals, yachting community and tourists alike.
DESCRIPTION
A ground floor office/retail unit with double aspect windows to the front, a separate internal office to the rear, a private photocopier room with networking and shared WCs and kitchen.

There are two tenancies in place for this property with a rental income of £12,329.73.

The tenants that currently let the office to the rear have access through the front office space and the front office space also has air conditioning, wooden floors and spotlights and an open space to the front.

This investment opportunity also benefits from a gym for the residents of The Parade together with the storage units for each apartment over. These are accessed from the rear off of Bath Road.

Notice has been served to increase the rental element to £12,329.73 pa and the service charge to £11,301.08pa.

TERMS
Terms

Our client is asking for £275,000 for this property, on a long leasehold basis, 999 years from 2007 to include the current tenancies in place.

OUTGOINGS
The VOA shows each unit is individually rated for business rates. Enquiries can be made at www.tax.service.gov.uk/business-rates-find/search.
VIEWING
All viewings to be arranged via HRD Commercial. Due to the nature of the tenancies in place at least 48 hours notice will need to be given for viewings.

Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.

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Here to Help

Mark Rhodes

Director

Lisa Mercer

Manager

Rhys King

Surveyor

Janet Morter

Negotiator

Laurie Calloway

Property Consultant

Edwina Grist

Administration

Tel: 01983 527727 Email Us: commercial@hrdiw.co.uk