Prime Retail Unit, Newport High Street

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 01983 301 434.

E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com

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 01983 821000.