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43 South StreetCommercial property for sale

£215,000
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About this property

Great opportunity to purchase a spacious commercial unit with parking in Newport Town Centre.

LOCATION
Situated on South Street, this property is in an ideal location in Newport Town Centre.

Newport is the principle town of the Island and offers amenities including St Mary’s Hospital, various primary and secondary schools, doctors surgeries, churches, cinema and the Isle of Wight County Hall. Various food stores are located throughout the town including Lidl, Asda, Morrisons & Sainsburys. The 2022 Census shows a population of circa 26,000.

DESCRIPTION
Offered for sale is this spacious semI-detached retail unit consisting of approximately 177sqm (1900 sq ft) overall.

The premises comprises:
Split-level retail area
Rear stores
WC
Small integral garage

There is the benefit of allocated parking for 3 vehicles to the side of the property.

The unit can be utilised for a range of uses subject to complying with the Use Classes Order 2021. The unit is currently Use Class E.

SERVICES
The property benefits from mains electricty, water an drainage.

TERMS
Our clients are asking Guide Price £215,000 for this freehold opportunity.

OUTGOINGS
The VOA shows a rateable value of £18,500. Using the current multiplier, rates payable will be circa £9,500. Please make your own enquiries to the VOA for small business rates relief eligibility.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact on 01983 527727 or commercial@hrdiw.co.uk

Map

Branch

Commerical

The Estate Office, 138 High Street, Newport, Isle of Wight, PO30 1TY

01983 527727

[javascript protected email address]

Opening hours

  • Monday08:30 - 17:30
  • Tuesday08:30 - 17:30
  • Wednesday08:30 - 17:30
  • Thursday08:30 - 17:30
  • Friday08:30 - 17:30

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