Wheeler and Lai Surveyors

Isle of Wight, PO30 1SB

51 High Street -Can be split into two retail units

To Let
£From £10,000
Retail units can be split into smaller units or occupied as a whole, in Newport.
Call: 01983 210 335

LOCATION

The property is situated on the main high street with both national and independent retailers in close proximity, including The Body Shop, Poundland, Clarkes and B&M Stores.

Newport town centre is situated on the Isle of Wight, Hampshire, with good road connections across the Island and links to the ports connecting with Southampton and Portsmouth.

DESCRIPTION

The property has flexibility to provide one good sized ground floor retail unit or two smaller self-contained lock up shops benefitting from a prominent frontage on to the High Street.

In addition, there is ancillary space on the first floor, which is available by negotiation. The freeholder will retain any upper parts not required by a retail occupier. If a lease is required for the ground floor only of the unit, it will initially benefit from the use of toilet and staff kitchen located on the first floor.

The following are the approximate dimensions and areas from architects’ plans:

 Sq MSq Ft
Unit 125.6275
Unit 247.7513
Combined Units 1 & 276.7825

TERMS

We are instructed to market these retail unit(s) on a new effective full repairing lease for a term to be agreed at the commencing rental: £10,000 pax for Unit 1 and £12,000 for Unit 2. A service charge of the fair proportion of the building and insurance will be payable.

Alternatively, offers for the freehold comprising retail with uppers would be considered.

OUTGOINGS
Rateable Value:
Shop: £55,000 (Source: VOA) Shop to be re-assessed.

EPC RATING
C (75)

LEGAL COSTS
Each party to be responsible for their own legal costs incurred in this transaction.

Share
To Let
£From £10,000
Retail units can be split into smaller units or occupied as a whole, in Newport.
Call: 01983 210 335
Share

All Services

RICS Valuation

Rent Reviews

Commercial Property Management

Photographic Schedules of Condition

Lettings, Sales & Acquisitions

Lease Renewals & Surrenders

Latest Properties

To Let

2 AND 2A ISAMBARD BRUNEL ROAD

Hampshire, PO1 2DU
The property comprises private ground floor lobby entrance, leading to a first floor space which can be occupied independently with its own WCs and kitchen area.
To Buy

203D West Street, Fareham

Hampshire, PO16 0EN
The property comprises of a mid-terrace retail unit with a garden and rear pedestrian access.
To Let

22B Elm Grove, Hayling Island- Shop to Let

Hampshire, PO11 9EF
Ground floor shop unit with flat and garage to let, great opportunity in established retail hub.

Get Property Details

Please provide us with your name and email to download the property brochure