High Street, Newport

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A great opportunity to purchase a mixed retail and residential unit on Newport High Street.

Details

  • Price: £210,000
  • Bedrooms: 0
  • Tenure: freehold

Full Description

LOCATION
Situated on the southern end of Newport High Street neighbouring properties and businesses include Hose Rhodes Dickson, Swinton Insurance, Age Concern, The Slug and Lettuce and Hogshead.
Newport is the Islands county town and has a population circa 25400 (2011 census) and offers various eateries, independent and multi national retailers and easy links to the rest of the island via the central bus station.

DESCRIPTION
Offered for sale is the whole property which includes ground floor retail unit with approximately 95 sq m (1022 sq ft) of retail and office space plus WC, first floor storage space and garden to rear plus a 2/3 bedroom flat to the first and second floors. These upper floors have been residential and office space in the past and would suit redevelopment.
Once let this property would be a great investment purchase.

SERVICES
The property benefits from electric, gas, water and drainage.

TERMS
Our client is asking £210,000 for the freehold. The ground floor retail unit is also available to lease under separate negotiation.

OUTGOINGS
The VOA shows a rateable value of £13,000, rates payable circa £6227 per annum.
Council tax Band B for the upper floors.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.

Estate Agent Details

Commercial Office
138 High Street
Newport

Phone: 01983 527727
Fax:
Email: commercial@hrdiw.co.uk