LOCATION
Situated on Fairlee Road, A3054, the main road into Newport, the this prominent property is a highly visible location.
Newport is the County 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.
There are bus stops directly outside and the property is located on the edge of a large residential area.
DESCRIPTION
Offered for sale is a ground floor commercial retail unit offering approximately 160 sq m (1722 sq ft) of internal space overall plus an area of concrete frontage.
The property offers a great size retail area with glazed frontage plus staff areas, stores and kitchens to the rear. There is also a rear courtyard.
Please note this property is in need of upgrading and has been priced accordingly.
It is our understanding that his property is Class E - Commercial, Business & Service under the Use Classes Order updated 2020.
All services and appliances haven’t and will not be tested.
Public Notice
Hose Rhodes Dickson are now in receipt of an offer for the sum of £105,000 for 76-78, Fairlee Road,Newport,Isle of Wight,PO30 2EL
Anyone wishing to place an offer on the property should contact Hose Rhodes Dickson, 138, High Street,
NEWPORT, Isle of Wight, PO30 1TY before exchange of contracts.
SERVICES
The property benefits from mains electric, water and drainage. Enquiries should be made to the relevant suppliers to confirm this.
TERMS
Our client is asking £75,000 for the freehold to this property.
OUTGOINGS
The VOA shows a rateable value of £14,500, rates payable circa £7,300pa. We have been advised this property would benefit from some small business rates relief. Enquiries to be directed to the Valuation Office Agency or the IOW Council.
VAT
TBC
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 or email commercial@hrdiw.co.uk
