Prime Shop Unit to Rent, Cowes

Location

Located in the centre of Cowes’ pedestrianised High Street, directly opposite the entrance to the Red Jet terminal, making it one of the highest footfall areas of Cowes. Cowes is an internationally renowned yachting centre with a buoyant social and racing scene, bringing high spenders to the town during the season and beyond with many specialist and class regattas extending the core season. A resident population of around 18,000 provides a foundation for the off-season trading. Numerous multiple leisure operators are represented in the town including Murphy & Nye, Musto, Crew, Henri Lloyd, White Stuff, Fat Face, Chatham, Quba, Slam, Joules and as well as Day Lewis Chemists, Sainsbury’s and Marks and Spencer Food.

Description

As Cowes goes, this is one of the larger units you’ll find, running to approximately 73m² (785ft²), with a fully glazed frontage to the High Street of 7.7m (25.2ft). The unit currently benefits from a disabled toilet to the rear, as well as two other toilets. This could of course be re-arranged as necessary. The shop will present in good order, having been re-decorated by the former tenants, Ladbrookes. Please see floor plan for further information.

Terms

Offered by way of a new least, at £25,000 per annum. A contribution to the landlord’s legal costs will be required. All other terms by negotiation, and incentives considered subject to lease terms.

Uniform Business Rate

Rateable Value: £14,250 (Sui Generis use class currently)

2024/2025: 54.6p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on 01983 821000

Viewing

Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on 01983 301 434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com