About this property
Opportunity to purchase a freehold investment property in a central location.
Located on the lower end of Newport High Street, neighboring properties and businesses include Jaks Hair and Beauty, Hose Rhodes Dickson, Cash Recycle, Age Concern and the British Heart Foundation.
Newport is the principle town of the Island and has a population circa 26000 (2022 census) and offers amenities including St Mary’s Hospital, various primary and secondary schools, doctors surgeries, churches, cinema and the Isle of Wight County Hall.
Offered for sale is this well presented grade II listed investment property.
The ground floor offers approximately 159.3 sq m (1715 sq ft) of total space.
The first and second floors offer approximately 124 sq m (1337 sq ft) NIA.
The current tenants occupy all 3 floors on the remainder of a 12 year lease from October 2020.
The property benefits from mains electricity, gas, water and drainage
Our client is asking guide price £250,000 for this freehold investment property.
The VOA shows a rateable value of £18,500. Rates payable will be circa £9,400. Please direct any enquiries to the VOA.
All viewings to be arranged via HRD Commercial. Please contact on 01983 527727 or firstname.lastname@example.org.