Commercial Property in East Cowes available for sale
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Petrol Station for Sale near the East Cowes, UK

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Retail Properties for Sale Near the East Cowes, UK

More details for 24 Castle St, East Cowes - Retail for Sale

24 Castle St

East Cowes, PO32 6RD

  • Retail for Sale
  • £475,000
  • 982 sq ft
  • Air Conditioning

East Cowes Retail for Sale

Offered for sale is a mixed investment block with commercial unit to the ground floor and residential to the uppers. Ground Floor - Commercial tenancy currently on a 6 year lease from 2022. Current rent is £19,000 per annum. Uppers - The first and second floors comprise 2 apartments, 1 x large 2 bed and 1 x large 3 bed, both currently let. The residentials to the first and second floors are quite sizeable and could potentially be separated into 4 x apartments. Planning permission has been approved for this conversion under planning reference number: 22/00552/FUL. Total current income for this investment opportunity is £37,000pa. If converted the rental income for the new apartments created could generate a further £15,000pa. Potential income for the whole block could be in the region of £52,000pa. Offers sought in the region of £475,000 for this freehold property.

Contact:

Hose Rhodes Dickson

Date on Market:

23/09/2025
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