62 High Street, Newport (Isle of Wight)

High Street - Available

62 High Street, Newport (Isle of Wight)

Rent

£125,000 per annum exclusive.

Size

10,761 sq ft (1,000.09 sq m)

Location

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.

Accommodation
Ground Floor (GIA) 10,761 sq ft 1,000.09 sq m
Total 10,761 sq ft 1,000 sq m
Rates
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.

Lease Term

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

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Contact Us

Contact one of the team at KLM Retail

Call us on +44 (0)20 7317 3700