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Retail Investments for Sale

High Street, Newport, PO30

£975,000.00 £147.44 /sf
6,613 sf
Retail Investments for Sale

High Street, Newport, PO30

£975,000.00 £147.44 /sf
6,613 sf
The property as a whole is currently let to WH Smith Retail Holdings Ltd. on a full repairing and insuring lease, for a term of 5 years from 20th September 2017, at a rental level of £74,500 p.a.x. A copy lease has been requested for provision to bona fide applicants and their professional advisors.

The property is built over three floors, to provide ground floor sales, plus sales in part on the first floor, along with staff and storage space in the remainder of the upper accommodation. There is also a rear yard

Location

Occupying a prime trading location in the main High Street of Newport, which is the central and main retail location on the Isle of Wight, and as such is constantly busy. Newport is generally considered the commercial hub for the Island; the town itself serves a population of some 25,000, and it also draws trade from the entire Island, with the added bonus of a substantial tourism boost during the summer months.
The town is situated centrally on the Island, about four miles south of Cowes with its Hi-Speed Red Jet passenger ferry connections to Southampton. Nearby occupiers to this premises include Poundland, Specsaverrrs, The Card Factory, Warren James, B&M, Clarkkks, Vodafone and The Body Shop, amongst many others.

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Investment property for SaleNewportHigh Street, Newport, PO30