LOCATION
Situated in Newport Town Centre the property occupies a busy corner position close to St Thomas' Square and on a main pedestrian route from the High Street to Marks and Spencer.
Newport is the principle town of the Island, with a population circa 25,000 (2021 census) and offers amenities including St Marys Hospital, various primary and secondary schools, doctors surgeries, churches, cinema and the Isle of Wight County Hall.
DESCRIPTION
Offered to lease is a large corner unit, fronting Pyle Street and Town Lane, which is currently approximately 425 sq m (4574 sq ft) overall. The property provides modern floorspace with off street staff parking to the rear.
With a concrete floor and suspended celling the property is capable of being sub-divided to provide a potential range of units sizes from 75 sq m (800 sq ft) upwards.
.
The unit also has extensive display windows to the front and side, ladies and gents WCs, kitchenette and a storage room
SERVICES
The property benefits from mains electricity, water and drainage.
TERMS
The property is available to lease as one whole unit at £11 + VAT per square foot equating to approximately £50,300 + VAT per annum, or as smaller individual units at £15 + VAT per square foot each. Prices from £12,000 + VAT. for a smaller unit
OUTGOINGS
The VOA shows a rateable value of £41,000. Estimated rates payable will be circa £22,700 without any applicable relief. Please direct any enquiries to the Valuation Office Agency.
Re-rating will be required if the property is split into smaller units.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 or email commercial@hrdiw.co.uk.
