Cowes, Isle of Wight

£700,000Freehold

211

Key Information

Tenure:Freehold
Council tax band:C
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

Beautifully presented
Grade 2 Listed
Highly Sought after position
Stunning Converted former School House
Unique commercial and residential opportunity

Description

A wonderful opportunity to purchase this mixed residential and commercial property in the heart of Cowes. Offered to the market CHAIN FREE, this unique proposition provides, both the ability to carry on a well established hospitality business whilst creating your own vision and with endless potential and possibilities.

Set in the very centre of Cowes Town, the property sits within touching distance of Marks and Spencer, Sainsbury’s and the vibrant High Street, full of independent retailers. The location here also benefits from being walking distance to the RedJet Ferry terminal, which provides a High speed link to Southampton with additional train links to London. Directly outside the property you will find St Mary’s Car park, this provides close proximity permit parking for you as residents or potential customers too.

The business over the past 13 years of ownership, has become renowned across the island and beyond; being run as a bar/restaurant/events venue. Cowes, being the vibrant hub for nightlife and a renowned foodie destination, the chance to capitalise on this location rarely comes up, particularly with the potential the location and what the building has to offer, inside & particularly outside.

The restaurant area internally, has an entrance lobby, bar kitchen and well sized seating and standing areas. The fixtures and fittings here are high end including Corian Worktops and a Dik Guerts Log Burner. The restaurant area extends to the outside with a private, sunny seating area with an outside log burner.

The residential element to the property is certainly not lacking in wow factor either. This former school house has been renovated to a wonderful standard, retaining much of the character whilst bringing the property into the 21st century. An open plan space with bespoke Kitchenette including Qooker tap, there is a charming feature fireplace too.

The space here is unique and put simply, cannot be fully comprehended unless viewed. Outside, there is an additional terraced, private rear garden that comes with WWOO outdoor kitchen, lots of plug points and lighting and even a hot/cold shower.

Local Authority - Isle of Wight Council
Council Tax Band C
Tenure - Freehold

GROUND FLOOR

Entrance & WCs

Restaurant 51’8 x 23’9

Washing Station 8’3 x 8’3

Store 11’8 x 5’3

FIRST FLOOR

Stairs

Open Plan Lounge/Diner/Kitchen 23’5 x 21’5

Bedroom 17’2 x 16’4

Bathroom

Inner hall

Utility 10’5 x 10’4

Store 32’4 x 4’9

SECOND FLOOR

Mezzanine area 20’4 x 18’5

Outside Seating Area 1

Outside Seating Area 2

Arrange Viewing

Cowes Primary School
(0.33 miles)
Good
Number of pupils: 216
Age Range: 5 - 11
Cowes Enterprise College, An Ormiston Academy
(0.35 miles)
Good
Number of pupils: 1216
Age Range: 11 - 19
Lanesend Primary School
(0.69 miles)
Number of pupils: 438
Age Range: 5 - 11
Gurnard Primary School
(0.82 miles)
Good
Number of pupils: 408
Age Range: 4 - 11
Holy Cross Catholic Primary School
(0.85 miles)
Requires Improvement
Number of pupils: 169
Age Range: 5 - 11
Queensgate Foundation Primary
(1.39 miles)
Good
Number of pupils: 410
Age Range: 4 - 11
Northwood Primary School
(1.86 miles)
Good
Number of pupils: 200
Age Range: 5 - 11
Priory School
(1.93 miles)
Good
Number of pupils: 165
Age Range: 4 - 18
Medina College
(3.52 miles)
Requires Improvement
Number of pupils: 1312
Age Range: 11 - 19
Wootton Community Primary School
(3.63 miles)
Good
Number of pupils: 192
Age Range: 5 - 11

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ3,683 /mo.25 Years, 5% Interest
Loan
ÂŁ630,000
Total Repay
ÂŁ1,104,875

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ22,500
0% up to ÂŁ250,000
5% between ÂŁ250,000 and ÂŁ925,000
Your effective stamp duty rate is 3.21%

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