Key features
- Located towards the western end of Newport High Street with on-street parking outside
- The unit runs to a total of approx. 1,064.1m² (11,045 ft²) over 2 floors
- Unit benefits from a substantial frontage of approx. 13.5 metres (44 feet) to the High Street
- Available either by way of New Lease or For Sale Freehold. Price on application
LOCATION
Located towards the western end of Newport High Street adjacent to Prezzo close to Poundland, W H Smith, The Body Shop, B&M Stores and many other specialist retailers. The property has a highly prominent presence on the High Street with on-street parking outside. Newport is the county town of the Isle of Wight and is located in the centre of the island, at the head of the River Medina, which leads north to Cowes. It is well connected to the rest of the island by the A3020 and the A3054 trunk routes, which run north & south and east & west respectively from it. Newport is the key centre on the island for administration and business and is where the overriding majority of national multiple retail, leisure and food & beverage operators are located. It is also within easy reach of passenger and car-ferry links to Southampton and the M27 and car ferry links to Portsmouth linking up with the A3. The fast passenger ferry services to Portsmouth and Southsea in Ryde are also within a 15 minute drive.
DESCRIPTION
The building is arranged over 2 floors running to a total of approximately 1,064.1 m² (11,453 ft²) with the ground floor only running to approximately 677.1 m² (7,288 ft²). Please see floor plan overleaf for further detail. The building may well lend itself to being split or potentially to form an indoor market or similar as it has a separate delivery and loading bay off Mill Street to the rear of the property. Please see floor plan overleaf.
TERMS
The property is offered either by way of a New Lease or Freehold Sale. Prices on application.
UNIFORM BUSINESS RATE
Rateable Value: £78,000
2023/2024: £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
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
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