About this property
A fantastic opportunity to lease a substantial commercial unit offering 4600 sq ft in Wootton with planning permission for various uses.
Situated in Wootton this well-known property is located just off the High Street, adjacent to Tesco Express, Majestic Wine and The Italian Touch.
Wootton is located to the Northern side of the Island and offers easy access to both Fishbourne and East Cowes with its travel links to the mainland and is within an easy drive of Ryde and the Islands County Town of Newport.
Offered to let is a large commercial unit, formerly Minghellas, which is currently undergoing extensive refurbishment. There is a loading door plus a separate pedestrian access, allocated parking for 8 vehicles plus loading bay.
The unit offers the following accommodation and approximate sizes:
Reception Area/Office 8.91m x 5.03m
Store 2.44m x 2.13m
Internal Office/Store 5.08m x 2.56m
Ladies and Gents WC
Warehouse 325.71 sq m (3,500 sq ft)
Further Store 41.8 sq m (450 sq ft)
There is also a mezzanine level for lightweight storage if required.
The property offers mains water, electric and drainage.
There is also space for a company sign to be erected to the large, highly visible, Totem situated on the High Street.
Current planning permission for the use of the unit, granted in December 2015, is for mixed use B1 (offices and light industrial), B8 (storage and distribution and trade counter) and A2 (financial & professional services) under the Use Classes Order 2005.
Our client is asking for £27,500 pax for a new full repairing and insuring commercial lease, terms to be negotiated.
There will be a service charge which shall be a contribution to the annual buildings premium, figure tbc.
The VOA shows a rateable value of £13,500. Rates payable using the current UBR of 50.4p is approximately £6,810 pa. This figure doesn’t include any applicable small business rates relief.
Allocated parking for approximately 8 vehicles.
All viewings to be arranged via HRD Commercial on 01983 527727 or the joint agents Scotcher and Co on 01983 822288.