Retail premises for sale in High Street, Newport, Isle Of Wight PO30
![Retail premises for sale in High Street, Newport, Isle Of Wight](https://lid.zoocdn.com/645/430/047382a653806ffd3652ddc97022b01acbf2ebac.jpg)
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Prime retail unit set in the heart of Newport High Street with return frontage to St Thomas Square
- Recently let at £24,000 per annum for the whole building
- Ground Floor unit runs to a total of circa 90m2 (968 ft2), the first floor being c. 68.6m2 (738 ft2), may lend itself to redevelopment in the future
- Offers are invited in the region of £255,000 plus VAT for the freehold interest of the property
Property description
Location
Prominent unit set in the heart of Newport's busy High Street adjacent to Boots, Superdrug, and Clinton Cards, as well as many other national covenants. Please see location map overleaf for detail. Newport is the Island's county town and undoubted commercial centre. The immediate population is around 25,000 with a catchment of around 60,000 when operating as the comparison shopping centre for the entire Island population of around 140,000. Continued investment in the town most recently from Warren James Jewellers at the top of the High Street, ensures its importance as a retail and leisure centre.
Description
Unit offering glazed frontage to Newport High Street and St Thomas Square, with the High Street frontage running to circa 9.1m (30ft) and the return frontage to St Thomas Square circa 5.4m (17ft). The ground floor of the unit runs to approximately 90m2 (968 ft2) and if viewed In Terms of Zone A, breaks back to approximately 77.2m2 (831 ft2). The first floor runs to approximately 68.6m2 (738 ft2) and benefits from its own entrance, meaning it may lend itself to conversion to residential use (subject to necessary consents). Please see floor plan for further detail.
Terms
Offers are invited in the region of £255,000 plus VAT for the freehold interest of the property
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on .
E: Or
Uniform Business Rate
Rateable Value: £32,000
2022/2023: £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on .
Property info
For more information about this property, please contact
Gully Howard, PO38 on +44 1983 507984 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Gully Howard, and do not constitute property particulars. Please contact Gully Howard for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.