Prominent unit to let off Newport High Street

LOCATION

Shop located in Watchbell Lane, just off Newport High Street and benefitting from the footfall created by specialist retailers such as Hursts Ironmongers and Visual Impact. The unit is also close to many popular restaurants, bars and eateries. Newport is the Island’s county town with an immediate population of around 25,000 and an adjusted catchment often quoted in excess of 60,000 when Newport operates as the main shopping centre for the entire Island population of around 130,000.Continued investment in the town more recently from B&M Stores and Tesco Local ensures its importance as a retail and leisure centre.

DESCRIPTION

A lock-up retail unit running to approximately 18.56m² (200 ft²) with power and lighting and 2 character display windows facing onto Watchbell Lane.

TERMS

Available by way of a New 3 year lease at only £6,240 per annum (£120 per week). Option to break at 1 year with 3 month’s written notice. Rent is payable monthly in advance, with a further 1 month’s rent payable as rent deposit at the outset of the lease. All other terms by negotiation.

UNIFORM BUSINESS RATE

Rateable Value: £3,500

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