Property description
LOCATION
Ground floor premises situated on The Arcade in the heart of Cowes. The Arcade enjoys a very busy foot fall with passengers for the Red Jet passing right by the premises.
PREMISES
Glazed frontage of 3.61 m leading to retail space of approx. 30 m² with various shelving, display units and counter. Office, WC, store and kitchen. There is also a pavement retail area.
RENT AND TERMS
£55,000 for the assignment of the balance of a 10 year lease from 16th December 2011. Rent £7750 per annum paid quarterly. Suitable for other A1 use if required.
BUSINESS
Trading as a newsagent and stocking a variety of products including sweets, cigarettes, snacks, milk and bread the business has a healthy turnover and good profit margin. Accounts will be available to bona fide applicants on viewing.
RATES
UBR £6,200 (2014-15 multiplier £0.482 before small business relief)
VIEWING
All viewings to be arranged via our Commercial Office 01983 527727.
Property Features :
- Fantastic Opportunity
- Thriving Newsagents
- Brilliant Location
Property Info: