43 South Street
£73.68 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,900 sq ft
177 sq m
- SECTOR
High street retail property for sale
Description
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 on Tuesday 17th December 2024, bidding will open at 10:00am.
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 our 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 or
Brochures
43 South Street
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shanklin Station6.7 miles
Notes
Disclaimer - Property reference 101276042092. 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.
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 214989.
*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.”
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