Cowes, Isle Of Wight

£399,950

Guide price

  • Bedrooms: 3
This characterful, period building forms the end of a terrace and backs onto the Yacht Haven over which there are good views towards The Solent and Hampshire Coast from the upper floors. The apartment has been run as a successful holiday let in recent years and there is also planning consent to further enhance the accommodation including the creation of both a Juliet balcony at first floor level, as well as a roof terrace at third floor level, from which the views are superb. In recent years rental income for the apartment has been around £20,000 per year whilst the shop unit is let as an investment property at around £10,000 per annum.

The apartment underwent significant renovation in 2007 including significant structural works carried out sensitively to retain much of the original character, although some elements could now do with refreshing.

In all, this provides a rare opportunity to acquire a good sized apartment capable of sleeping 6 to 7 in a prime central position with sea views and unrivalled access to the Yacht Haven, shops, restaurants with the high speed Red Jet ferry crossing to Southampton being a couple of minutes walk away.

The contents and furnishings of the apartment in addition to the existing website are available by separate negotiation. The property should be able to benefit from the lower mixed use stamp duty.

Accommodation

118A Harbour View

The apartment has its own front door to the rear of the building leading to a Hallway and staircase to:

First Floor Landing

Understair cupboard, intercom.

Kitchen/Breakfast Room

Fitted with a matching range of base and wall cupboards with solid Oak worksurfaces and integral appliances including oven, hob with extractor over, washing machine and dishwasher. Space for fridge. Further built-in cupboards and wall-mounted Vaillant gas-fired boiler. A large window provides views over the marina to the Solent beyond.

Sitting Room

A nicely proportioned room with an outlook over the High Street. Chimney breast with electric fire and built in bookshelving and cupboards to one side.

Second Floor

Bedroom 2

A spacious double or twin room with an outlook over the High Street and understair cupboard.

Bedroom 3

A bunk room with views over the Harbour entrance and Solent.

Bathroom

Bath with mixer tap and separate shower over, shower screen and tiled surround. Wash basin and WC.

Third Floor

Bedroom 1

A double bedroom with a Velux window with superb views over the Marina, Harbour entrance and across the Solent to the Hampshire Coast. Built-in hanging space and shelving. Wall mounted television point.

Shower Room en-Suite

A walk-in shower with tiled surround, wash basin set in a tiled worksurface with large mirror above, shelving and WC.

Ground Floor Shop Unit

Extending to approximately 280 sq. ft with toilet facilities, let until June 2023 at a rental of £10,000 per annum. The landlord is responsible for the building, roof etc. The tenant is responsible for the shop only and their own building insurance.

A shared gated pedestrian access leads to a wide block paved path leading to the rear of the property, over which there is a Right of Access to Marina View, along with the adjacent properties.

Services

Mains water, electricity, drainage and gas. Gas fired central heating to the apartment.

EPC Rating (for 118A)

D

Tenure

Freehold. The shop is let as mentioned above and the apartment has holiday lets booked over the summer.

Planning

Planning consent reference 20/02258/HOU was granted on 18th January 2021 for the addition of a roof terrace, first floor Juliette balcony and other internal alterations. Plans are available from the selling agents.

Postcode

PO31 7AX

Viewings

All viewings will be strictly by prior arrangement with the sole selling agents, Spence Willard

Important Notice

1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Spence Willard in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice.

Marketed by Arrange viewing 01983 200880

Spence Willard - Cowes Office

Waterside House, 72a High Street, Cowes, Isle of Wight

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