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Office for sale

29 High Street

Sold by Us 414 sq. m. | £390,000

Property Description

Commercial information

  • 4,456 sq ft (414 sq m)

Full description

Tenure: Freehold

LOCATION
The property is located on Newport High Street, close to its junction with Quay Street, Holyrood Street and St Thomas´ Square. Neighbouring occupiers include Blacks Outdoor Retail, A-Plan Insurance, Yates´s, Hose Rhodes Dickson, Watson Bull & Porter and O2. The Guildhall is opposite.

DESCRIPTION
The property offers a wide frontage to the High Street and comprises two linked buildings dating from the late 1900´s and is set out over three floors. The property has until recently been let in whole to IW Council and is now vacant and available to let or for sale. It was formerly the headquarters of IW County Press. All main services are provided. Please note the property is Grade II Listed.

ACCOMMODATION
Total net internal floorspace is approximately 4,456 sq ft (414 sq m), comprising:
Ground floor: 1,612 sq ft (149.7 sq m)
First floor: 1,374 sq ft (127.6 sq m)
Second floor: 1,471 sq ft (136.7 sq m)

TERMS
Our client is seeking rental offers in the region of £35,000pa or offers to acquire their freehold interest at £390,000 plus VAT if applicable.

OUTGOINGS
The current rating assessment is "shop and premises": RV £35,250pa, standard current multiplier 0.482, therefore rates payable £16,990pa. VOA website: www.2010.voa.uk

PLANNING
Whilst previous use has been as A2 retail/ offices, the property may lend itself to A1 retail or restaurant use at ground floor, with offices or residential use of the upper parts, subject to any permitted development rights and all relevant planning and other consents.

VIEWING
By arrangement with sole agent HRD Commercial.


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Disclaimer - Property reference 101276017835. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hose Rhodes Dickson, Newport. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Hose Rhodes Dickson, Newport on 01983 521144.


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