62 High Street, Newport (Isle of Wight)
£125,000 per annum exclusive.
10,761 sq ft (1,000.09 sq m)
Newport is the principle town and commercial centre on the Isle of Wight. There is a population of approximately 140,000 and around 2.5 million tourists visiting each year.
The property offers over 10,000 sq ft of 100% prime retail space on the High Street with a significant frontage and also benefits from its own designated service yard.
Nearby occupiers include Poundland, Prezzo, W H Smith and Poundstretcher. B&M Retail have just opened their first store in Newport, occupying all of the old BHS store at 57 High Street.
|Ground Floor (GIA)
||10,761 sq ft
||1,000.09 sq m
10,761 sq ft
1,000 sq m
|Rateable Value ||£157,000|
|UBR ||0.493 (2018)|
Interested parties are advised to contact the local authority to confirm their liabilities and any transitional relief.
The lease is available by way of a new 10 year FR&I lease, with a 5th year upward only rent review.
Energy Performance Certificate
G - 155
Each party is responsible for their own legal and other professional costs incurred in the transaction.