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Ground Floor Retail UnitCommercial property to let

£16,000
Let Agreed
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About this property

A great size retail unit located in a popular and buoyant area of Newport.

LOCATION
A great size retail unit located in a popular and buoyant area on St James Street, Newport. A great location for independent and boutique retailers, neighbouring businesses include Love Running,Tamarind and St James Clinic.

The major draw for this part of town is the on-street parking and easy access to the bus station and town centre.

Newport is the principle town of the Island and offers amenities including St Marys 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 2011 Census shows a population of circa 25,500.

DESCRIPTION
Offered for lease is this extensive retail unit which will be offered vacant. Suitable for a variety of uses subject to approval by the landlord and providing the appropriate Use Class is met. Restaurant or hot food use would not be considered.

The landlord currently runs their own business from the premises with the sale of artists materials, cards, crafting materials etc. This business could be carried on by negotiation with the landlord if required.

Entrance to the unit via a glazed door with display windows to either side, the frontage being approximately 7 metres.

There is approximately 174 sq m (1872 sq ft) of retail space. Along with two WC’s and a kitchenette.

Door to the rear of the property where there is a parking space accessed via Trafalgar Lane.

The property is Grade II listed.

SERVICES
The property benefits from mains electricity, water and drainage.

TERMS
Our client is asking £16,000 per annum for an internal repairing and insuring lease, terms for a new lease to be negotiated.

OUTGOINGS
The VOA shows a rateable value of £18,750. Using the current UBR of .512 the rates payable will be circa £9,600 per annum.

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

Map

Brochure

Property Brochure

Ground Floor Retail Unit

£16,000

Full PDF brochure containing all the details of the property in Ground Floor Retail Unit - £16,000

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Branch

Commerical

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

01983 527727

[javascript protected email address]

Opening hours

  • Monday07:30 - 17:30
  • Tuesday07:30 - 17:30
  • Wednesday07:30 - 17:30
  • Thursday07:30 - 17:30
  • Friday07:30 - 17:30

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