About this property
Commercial unit to let, great location on Newport High Street.
LOCATION
Newport is the Islands principal town and main commercial centre and has a population of about 25,000.
The Islands population is around 140,000 and has high visitor numbers throughout the year particularly during the summer months.
There are frequent ferry services from Portsmouth, Southampton and Lymington to Ryde, Fishbourne, Cowes and Yarmouth.
The property is located on the main retailing area and nearby trades include Edinburgh Woollen Mill, JD Sports, WH Smith, Clarks Shoes, Specsavers, Card Factory and Warren James Jewellers.
DESCRIPTION
These former bank premises are on the ground, first and second floors and comprise the following accommodation with approximate floor areas:
Net Frontage 13’7"
Ground Floor 646 sq ft
First Floor 358 sq ft
Second Floor 329 sq ft
The first and second floors also have a separate street access from Castlehold Lane.
TERMS
The premises are available upon a new full repairing and insuring lease for a term to be agreed (subject to possession).
Rent: £15,000 per annum exclusive.
VAT: The landlord has not opted to tax.
OUTGOINGS
Rateable Value £25,250
Rates Payable (2019/2020) approx. £12,750 PA
PLANNING
Previously occupied by Co-Operative Bank. Planning consent for A2 use subject to conditions. Permitted change to A1 retail.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.
