51 High Street Newport Isle of Wight PO30 1SB

  • 51 High Street<br>Newport<br>Isle of Wight<br>PO30 1SB

51 High Street
Newport
Isle of Wight
PO30 1SB

Freehold Retail and Residential Development Opportunity with Planning Permission to convert Upper Floors to Residential

  • Vacant Property with Planning Permission to convert Upper Floors to Residential (1x 1 bed and 1x 2 bed flat)
  • Approximately 2,854 sq ft
  • Property previously let at £70,000 p.a.x.
  • Nearby occupiers including B&M, Boots the Chemist, Superdrug, Pandora, McDonalds, Costa Coffee, JD Sports, Sports Direct, Clarks and Waterstones
  • Would suit Owner Occupiers, Developers or Investors
  • VAT free opportunity
  • Lot
    37
  • Auction
    30th March 2023
  • Vacant Possession
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Freehold Retail and Residential Development Opportunity with Planning Permission to convert Upper Floors to Residential

  • Vacant Property with Planning Permission to convert Upper Floors to Residential (1x 1 bed and 1x 2 bed flat)
  • Approximately 2,854 sq ft
  • Property previously let at £70,000 p.a.x.
  • Nearby occupiers including B&M, Boots the Chemist, Superdrug, Pandora, McDonalds, Costa Coffee, JD Sports, Sports Direct, Clarks and Waterstones
  • Would suit Owner Occupiers, Developers or Investors
  • VAT free opportunity
  • Lot 37
  • Auction 30th March 2023
  • Vacant Possession
  • Status Withdrawn Prior
  • Price  
  • Sector
    High Street Retail, Residential, Development
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
5 miles south of Cowes,15 miles south-west of Portsmouth
Roads
A3, A3054, M27, M275
Rail
Ryde Esplanade, Ryde St Johns Road
Air
Isle of Wight Airport, Southampton Airport
Situation

Newport, a historic market town, is the principal commercial and retail centre for the Isle of Wight. The property is situated in a prominent position on High Street and benefits from nearby occupiers including B&M, Boots the Chemist, Superdrug, Pandora, McDonalds, Costa Coffee, JD Sports, Sports Direct, Clarks and Waterstones.

Tenure

Freehold.

Location
Miles
5 miles south of Cowes,15 miles south-west of Portsmouth
Roads
A3, A3054, M27, M275
Rail
Ryde Esplanade, Ryde St Johns Road
Air
Isle of Wight Airport, Southampton Airport
Situation

Newport, a historic market town, is the principal commercial and retail centre for the Isle of Wight. The property is situated in a prominent position on High Street and benefits from nearby occupiers including B&M, Boots the Chemist, Superdrug, Pandora, McDonalds, Costa Coffee, JD Sports, Sports Direct, Clarks and Waterstones.

Tenure

Freehold.

Description

The property comprises a vacant shop and ancillary accommodation arranged on the ground, first and second floors.

VAT

VAT is not applicable to this lot.

Planning

Full Planning Permission was granted in January 2022 to convert current ancillary accommodation on the first and second floors to 2x 2 bed self-contained residential flats (1x 1 bed and 1x 2 bed). All enquiries should be made with Isle of Wight Council (www.iow.gov.uk) (Tel: 01983 821000) (Ref number: 21/00524/FUL)

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a vacant shop and ancillary accommodation arranged on the ground, first and second floors.

VAT

VAT is not applicable to this lot.

Planning

Full Planning Permission was granted in January 2022 to convert current ancillary accommodation on the first and second floors to 2x 2 bed self-contained residential flats (1x 1 bed and 1x 2 bed). All enquiries should be made with Isle of Wight Council (www.iow.gov.uk) (Tel: 01983 821000) (Ref number: 21/00524/FUL)

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant
Ground
First
Second		 Retail/Ancillary
Ancillary
Ancillary
109.62
86.11
69.41
(1,180)
(927)
(747)
 VACANT
Total  
265.14
(2,854)
  

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.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate AuctioneersRebecca Wheeler 01983 210335rwheeler@wlsurveyors.co.uk
Seller's Solicitors
Taylor Walton LLP 28 - 44 Alma Street
Luton
Bedfordshire
LU1 2PL
Sukina Dhillon 01582 390634 sukina.dhillon@taylorwalton.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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