LOCATION
Situated to the top end of Newport Town Centre, this property occupies an ideal location within easy reach of the towns amenities and nearby transport links.
Newport is the principle town of the Island and offers amenities including St Marys Hospital, various primary and secondary schools, doctors surgeries, churches, cinema and the Isle of Wight County Hall.
DESCRIPTION
Arranged over three stories, this mid terrace property offers a commercial unit to the ground floor, with a well-presented two bedroom apartment above.
The shop extends to approximately 55 sqm (590 sq ft) overall to include retail space and staff facilities and is currently let on a 3 year lease from June 2026 at a current passing rent of £7,500 per annum.
With the benefit of separate access via an inner lobby, the apartment offers a recently installed kitchen, living room and bathroom to the first floor with two double bedrooms to the second floor. This is currently let on an APT basis for £10,500 per annum.
There is a small courtyard to the rear of the property.
The current rental income for the property totals £18,000 per annum.
SERVICES
The property benefits from mains electricity, gas, water and drainage.
TERMS
Our clients are asking Guide Price £160,000 for this freehold investment opportunity.
VIEWING
All viewings to be arranged via HRD Commercial.
