Prime High Yielding Freehold Retail Investment
Prime High Yielding Freehold Retail Investment
Newport is the county town of the Isle of Wight and is the centre of retail, administrative and industrial activity on the island. The property is situated within St James' Square located just off the junction of St James Street and High Street, being the primary retail zone within Newport town centre. Nearby occupiers include Costa, JD Sports, Mountain Warehouse, Boots the Chemist, Pandora and TK Maxx.
Freehold.
Newport is the county town of the Isle of Wight and is the centre of retail, administrative and industrial activity on the island. The property is situated within St James' Square located just off the junction of St James Street and High Street, being the primary retail zone within Newport town centre. Nearby occupiers include Costa, JD Sports, Mountain Warehouse, Boots the Chemist, Pandora and TK Maxx.
Freehold.
The property comprises of a ground floor shop with ancillary accommodation at first floor.
VAT is applicable to this lot.
6 Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises of a ground floor shop with ancillary accommodation at first floor.
VAT is applicable to this lot.
6 Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|
| Ground First |
Retail/Ancillary Ancillary |
160.90 sq m 144.27 sq m |
(1,732 sq ft) (1,553 sq ft) |
THE WORKS STORES LIMITED | Approx. 10 years from 11/03/2016 to 20/07/2026 on a full repairing & insuring lease | £60,000 |
| Total | 305.17 sq m |
(3,285 sq ft) |
£60,000 |
|||
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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