* Located in the centre of Newport High Street over Waterstones book shop and O2 phone shop
* Substantial office accommodation or could be redeveloped to residential use subject to relevant consents
* Arranged over 3 floors, and running to approximately 534m2 (5, 747ft2)
* Offered for rent, with the 1st floor being £16, 000 p. a. And the 2nd and 3rd Floors available separately at £18, 000 p. a. , or offers in the region of £350, 000 for a new virtual freehold (999 - yr leasehold) interest
**Location**
Located in one of the highest footfall areas of Newport, the Isle of Wight's
county town. It benefits from being next door to Waterstones, in close
proximity to Halifax Bank and adjacent to St James' Square which is the home
of 4 major banks and Costa Coffee. Other prominent retailers are in close
proximity such as Holland & Barrett, Trespass, Boots, EE, and Clinton Cards.
The immediate population of Newport is around 25, 000 with a catchment of
around 60, 000 when operating as the comparison shopping centre for the entire
Island population of around 140, 000. Continued investment in the town most
recently from Warren James Jewellers at the top of the High Street, ensures
its importance as a retail and leisure centre.
**Description**
Building split over 3 floors with Ground Floor entrance off Newport High
Street running to approximately 534m2 (5, 747ft2). The First Floor offices,
available from November 2023, run to a total of circa 232m2 (2, 497t2). The
Second and Third Floors, available from April 2024, run to a total of circa
302m2 (3, 250ft2). The premises, as of late, have been used as office
accommodation with the First Floor let separately to the second and third
floors however it could be easily utilised as on substantial office, or let as
two separate elements. Alternatively the building may well lend itself to
residential development. It is worth noting that the building is listed.
Please see floor plan for further details.
**Terms**
Offered for rent, with the First Floor office suite being £16, 000 per annum,
the Second and Third floor offices being £18, 000 per annum. The offices could
be let as a whole by separate negotiation, or alternatively the property could
be purchased, with offers invited “in the region of” £350, 000 for a new 999 - yr
lease (virtual Freehold) of the upper floors.
**Uniford Business Rate**
Rateable Value: £15, 500 + £7, 600 (First Floor), £12, 000 + £6, 000 + £6, 200
(Second and Third Floors)
2023/2024: £0. 512p without small business relief. Interested parties should
make their own enquiries of the Isle of Wight Council to confirm any rate
liability or rate concession that may be applicable by telephoning Business
Rates on
**Viewing**
Strictly by appointment with sole agents Gully Howard Commercial Property,
Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers
or Morgan Williams on . E: Or

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