Affordable shop to let in central Newport

LOCATION

The shop is located in Holyrood Street, just off the High Street, benefitting from the footfall created by specialist retailers including Hursts, Visual Impact and Pets with Heart. The unit is also close to popular restaurants, bars and eateries and LIDL at the bottom of the street. Newport is the county town and undoubted commercial centre. The immediate population is around 25,000 with a catchment of around 60,000 from the entire population of around 130,000. This is swelled during the ever-extending summer season by tourists coming to the town to enjoy the twice weekly markets in St Thomas Square and the wide variety of shops, banks, bars and restaurants that Newport has to offer. Continued investment in the town ensures its importance as a retail/leisure centre

DESCRIPTION

A lock-up retail unit of approximately 15.5m² (167 ft²) with character window and a frontage on to Holyrood Street. (There is a toilet facility in Calverts Hotel next door for use by tenants)

TERMS

Available by way of a New Lease at £4,500 per annum, equivalent to only £86 per week

UNIFORM BUSINESS RATE

Rateable Value: £3,250

2024/2025: 54.6p 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

VIEWING

Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Dot Lucy on 01983 301 434. 

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