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1 Pallance Rd 955 sq ft Retail Property Cowes PO31 8LN £295,000 (£308.90/sq ft)



INVESTMENT HIGHLIGHTS
- Extensive detached property
- Occupies a high profile location on the corner of Pallance Road
- Potential for further development
- Former commercial space with associated living accommodation
- Currently configured as a former Post Office and ancillary accommodation
EXECUTIVE SUMMARY
Price guide - £295,000 Freehold. Vacant possession upon legal completion.
Occupying a high profile location on the corner of Pallance Road, and with Cockleton Lane and Place Road, the latter being one of the main thoroughfares into Cowes itself, the property is currently configured as a former Post Office and ancillary accommodation, plus a former hair and beauty salon, both on the ground floor. The property also benefits from comfortable and well-presented living accommodation over the ground and first floors, and should be viewed to be fully appreciated.
Northwood itself is an extensive residential area just to the south of Cowes, which is noted both nationally and globally as a marine centre, and local traders benefit from a year-round trade, supplemented considerably during the seasonal months, not least by Cowes Week and associated regattas. The town also provides excellent communications to the mainland via Red funnel’s cross-Solent hi-speed Red Jet passenger ferry service.
With clear potential for further development or conversation, or alternatively for partial continued commercial use, the property is detached and of conventional construction, with further details as briefly outlined overleaf.
A useful forecourt area to the front of the salon, a driveway/hard-standing off Pallance Road, and the attractive mature courtyard-style gardens, which are a real feature of this property.
Accommodation:
Former Salon: Comprising three inter-connecting areas: the main salon of some 17’2’’ wide x 18’9’’, a central area of some 13’3’’ x 13’ and of irregular shape, and a rear treatment room of some 9’8’’ x 6’6’’. An internal lobby and kitchenette area with adjacent WC links the salon with the main living accommodation.
Former Post Office: Comprises a former customer area of some 14’4’’ x 9’10’’ with counter/’fortress’ area behind of some 15’7’’ x 9’8’’, and supplemented by an inner storeroom of some 10’7’’ x 10’1’’. Again, this accommodation communicates to the rear with the main living accommodation.
Occupying a high profile location on the corner of Pallance Road, and with Cockleton Lane and Place Road, the latter being one of the main thoroughfares into Cowes itself, the property is currently configured as a former Post Office and ancillary accommodation, plus a former hair and beauty salon, both on the ground floor. The property also benefits from comfortable and well-presented living accommodation over the ground and first floors, and should be viewed to be fully appreciated.
Northwood itself is an extensive residential area just to the south of Cowes, which is noted both nationally and globally as a marine centre, and local traders benefit from a year-round trade, supplemented considerably during the seasonal months, not least by Cowes Week and associated regattas. The town also provides excellent communications to the mainland via Red funnel’s cross-Solent hi-speed Red Jet passenger ferry service.
With clear potential for further development or conversation, or alternatively for partial continued commercial use, the property is detached and of conventional construction, with further details as briefly outlined overleaf.
A useful forecourt area to the front of the salon, a driveway/hard-standing off Pallance Road, and the attractive mature courtyard-style gardens, which are a real feature of this property.
Accommodation:
Former Salon: Comprising three inter-connecting areas: the main salon of some 17’2’’ wide x 18’9’’, a central area of some 13’3’’ x 13’ and of irregular shape, and a rear treatment room of some 9’8’’ x 6’6’’. An internal lobby and kitchenette area with adjacent WC links the salon with the main living accommodation.
Former Post Office: Comprises a former customer area of some 14’4’’ x 9’10’’ with counter/’fortress’ area behind of some 15’7’’ x 9’8’’, and supplemented by an inner storeroom of some 10’7’’ x 10’1’’. Again, this accommodation communicates to the rear with the main living accommodation.
PROPERTY FACTS
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
955 sq ft
Costar Property Class
C
Year Built
1950
Price
£295,000
Price per sq ft
£308.90
Tenancy
Single
Number of Floors
2
Plot ratio
0.18
Total Plot Size
0.12 ac
Frontage
32 ft on Pallance Road
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