The double shop unit is situated in The Arcade, Cowes which is prominently positioned by the entrance to the Red Jet Terminal just off the main High Street.
The Arcade benefits from a high footfall with commuters to and from Southampton, local businesses residents and with the Isle of Wight attracting high volumes of visitors with Cowes famous sailing events. Other occupants in The Arcade include, French Franks, Hairdressers, and Newsagent.
The property comprises a double lock up shop unit, currently fitted for a coffee shop operator, although would suit alternative businesses.
The units benefit from large display windows and kitchen facilities. Use of WC facilities in Red Jet terminal.
We are instructed to market the property on a new effective Full Repairing and Insuring Lease for a term to be agreed at the commencing rental of £17,500 per annum exclusive.
A service charge is payable. All figures are quoted exclusive of VAT.
Shop: : £16,000 (Source: VOA)
Each party to be responsible for their own legal costs incurred in this transaction.