LOCATION
Situated to the north of Newport town centre, the Island's County Town. The property is located in the Islands largest Industrial and business area and neighbouring occupiers include Heatstar, Joedan Windows and Vectawarm, amongst others.
Newport is the hub of the Island and offers great links to Cowes and Ryde with easy access via passenger ferry to Southampton and Portsmouth. The car ferries at Fishbourne and East Cowes are also within a short drive.
DESCRIPTION
Positioned on a prominent corner site, this detached unit comprises well presented warehousing with adjacent storerooms and ground floor offices of circa 8,200sq ft (762m²).
The warehouse accommodation is served by a roller-shutter door, with other access via internal doors, and an automatic door from the rear car park.
To the first floor is approximately 4,100 sqft of modern office space and staff welfare areas. The previous occupiers have renovated the premises to a high standard throughout and all offices are of stud partitions allowing for reconfiguration if necessary.
The premises offers great potential and would be suitable for a variety of occupiers, subject to any necessary consents.
There is vehicle parking to the front and rear of the unit.
EPC: C
SERVICES
The unit benefits from three phase electricity, gas, water and mains drainage.
TERMS
The property is available to let by way of an assignment of a lease expiring 29th September 2032 at a rent passing of £97,500 per annum exclusive.
OUTGOINGS
The VOA shows a rateable value of £86,500. Estimated rates payable will be circa £41,500 for 2026/27 without any applicable relief. please direct all enquiries to the Valuation Office Agency.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact on 01983 527727 or commercial@hrdiw.co.uk
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