Retail property (high street) for sale

LOCATION
Situated on South Street, this property is in an ideal location in Newport Town Centre.

Newport is the principle town of the Island and offers amenities including St Mary's Hospital, various primary and secondary schools, doctors surgeries, churches, cinema and the Isle of Wight County Hall. Various food stores are located throughout the town including Lidl, Asda, Morrisons & Sainsburys. The 2022 Census shows a population of circa 26,000.

DESCRIPTION
Offered for sale is this spacious semI-detached retail unit consisting of approximately 177sqm (1900 sq ft) overall.

The premises comprises:
Split-level retail area
Rear stores
WC
Small integral garage

There is the benefit of allocated parking for 3 vehicles to the side of the property.

The unit can be utilised for a range of uses subject to complying with the Use Classes Order 2021. The unit is currently Use Class E.

SERVICES
The property benefits from mains electricity, water and drainage.

TERMS
Our clients are asking Guide Price £140,000 for this freehold opportunity.

This property is due to be sold by online auction with First For Auctions.

All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit First For Auctions website to setup an online auction account.

OUTGOINGS
The VOA shows a rateable value of £18,500. Using the current multiplier, rates payable will be circa £9,500. Please make your own enquiries to the VOA for small business rates relief eligibility.

OTHER
Legal Pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on First For Auctions website. You will receive notification by email once the Legal Pack is received from the solicitor.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact on[use Contact Agent Button] or [use Contact Agent Button]