The Cabin Avenue Rd 385 SF Retail Building Freshwater PO40 9UT $144,143 CAD ($374.40 CAD/SF)

An unusual opportunity to purchase this freehold premises and business, with development potential to provide a single-bedroom flat above.
Price guide - £77,500 Freehold + stock at valuation
The premises: Semi-detached and currently provides for a single-storey unit measuring some 20’3 x 19’ overall, equating to about 385ft² (35.8m²), currently fitted for purpose with serving counter, display units and other fittings, and benefiting from a direct frontage and entry from Avenue Road. Lobby with adjoining single WC facility with wash hand basin.
The business: “The Cabin” has operated in a similar format for many years, in the sale of newspapers, magazines, tobacco, confectionary, souvenirs and gifts, on a profitable basis, and is offered for sale fully equipped as a going concern. An inventory of fixtures, fittings and equipment will be provided on the occasion of a sale. Profit and loss accounts are available to bona fide applicants and/or their professional advisors, subject to signature of a confidentiality agreement.
Planning: The premises benefit from a current planning consent, granted on 18th March 2024, for conversion of the first floor to a compact residential unit. LPA Reference No. 24/00114/FUL.
A copy of the planning consent and associated plans are available either via the IW Planning Unit or via request to the agents. Interested applicants should make any further planning enquiries of the IW Planning Unit on 01983 823552.