61, High Street, Isle of Wight, PO31 7RL

An exceptional opportunity to acquire a prominent mixed-use freehold in the heart of Cowes town centre, just a stone’s throw from the seafront and its vibrant marina, shops, and restaurants.

This substantial four-bedroom terraced townhouse combines a well-established commercial premises with generous residential accommodation, making it perfectly suited for investors, business owners, or those seeking a lifestyle move in a prime coastal location.

The ground floor features a Grade II listed shop frontage, currently operating as a watch shop, offering excellent visibility and footfall along the bustling High Street.

To the rear, a sizeable workshop provides additional commercial space with fantastic versatility-ideal for expansion, alternative business use, or potential conversion (subject to any necessary consents).

The upper floors present spacious living accommodation arranged over multiple levels, including a large living room, kitchen, and four well-proportioned bedrooms, along with bathroom facilities.

The layout offers flexibility for home and income, staff accommodation, or a comfortable family home above or alongside the business. With approximately 2,697 sq. Ft.

Of overall space, this is a rare chance to secure a landmark building in one of the Island’s most desirable and lively coastal towns.

Whether you are looking to establish or expand a business, invest in a high-demand location, or enjoy life moments from the sea, this unique property delivers outstanding potential.

This property is offered through Modern Method of Auction and is subject to an undisclosed 'Reserve Price.' Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.

This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.

This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.

A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £445.00 inc. VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.

These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.