Opportunity to lease or purchase a commercial unit in Newport Town Centre.
For sale: £150,000.00|To rent: £15,000.00 Per Annum|Retail, Offices, Office
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PROPERTY DETAILS
FOR SALE£150,000.00
TO RENT£15,000.00 Per Annum
ADDRESS67A High Street, Newport, Isle of Wight, PO30 1BA
TYPERetail, Offices, Office
TENURETo Let, For Sale Freehold
POSTED ON11th October 2019
DESCRIPTION
Location
Situated in Newport High Street neighbouring business include Rutherfords, Poundstretcher and Edinburgh Woollen Mill. This area is popular with both local boutique and multi national traders. This unit has most recently traded under A1 retail of the Use Classes Order 2005 but would be suitable for a variety of different uses subject to gaining the necessary consents.
Description
The property offers accommodation over 3 floors: Ground Floor Full display window to the front. Offering approximately 600 sq ft (55 sq m) of ground floor trading space, please note there are three steps in the middle of the unit to access the rear of the ground floor. To the rear is a fitted kitchen and WC. Rear fire access to Pyle Street. Staircase to first floor. First Floor
Landing with separate WC.
Fire access. Office providing approx. 150 sq ft (13 sq m) overall, with bay window to front. Second Floor Two further offices/store rooms providing approx. 280 sq ft (26 sq m) plus landing.
Terms
Our client is offering the property on a new lease, terms to be negotiated, at an annual rental of £15,000 or a freehold purchase price guide £150,000. .
Business Rates
The VOA shows a current rateable value of £13,000. Using the current UBR of 50.4p the rates payable will be circa £6600, not including any applicable small business rates relief.
Situated in Newport High Street neighbouring business include Rutherfords, Poundstretcher and Edinburgh Woollen Mill. This area is popular with both local boutique and multi national traders. This unit has most recently traded under A1 retail of the Use Classes Order 2005 but would be suitable for a variety of different uses subject to gaining the necessary consents.
Description
The property offers accommodation over 3 floors: Ground Floor Full display window to the front. Offering approximately 600 sq ft (55 sq m) of ground floor trading space, please note there are three steps in the middle of the unit to access the rear of the ground floor. To the rear is a fitted kitchen and WC. Rear fire access to Pyle Street. Staircase to first floor. First Floor
Landing with separate WC.
Fire access. Office providing approx. 150 sq ft (13 sq m) overall, with bay window to front. Second Floor Two further offices/store rooms providing approx. 280 sq ft (26 sq m) plus landing.
Terms
Our client is offering the property on a new lease, terms to be negotiated, at an annual rental of £15,000 or a freehold purchase price guide £150,000. .
Business Rates
The VOA shows a current rateable value of £13,000. Using the current UBR of 50.4p the rates payable will be circa £6600, not including any applicable small business rates relief.
LOCATION
Location:
67A High Street, Newport, Isle of Wight, PO30 1BAGBIsle of WightPO30 1BAHigh Street
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Ryde St Johns Road (6.4 miles) Ryde Esplanade (6.4 miles) Smallbrook Junction (6.5 miles) |
