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Providence Corner, 37 Pyle Street, Newport, Isle Of Wight, PO30 1XB

£2,500 pcm
£30,000 pa

£9.97 per sq ft

Business rates & charges may apply

Primmer Olds B.A.S., Southampton
SIZE AVAILABLE

3,010 sq ft

280 sq m

SECTOR

Shop to lease

Lease details

Lease available date:
Ask agent
Lease type:
Long term

Key features

  • Total Net Internal Area - 3,010 sq.ft (279.64 sq.m)
  • Currently restaurant/bar. Suitable for leisure or other uses
  • Benefits from cooking extraction
  • Corner trading position
  • Nearby occupiers include, TK Maxx, Barclays Bank, Subway and a range of pubs/restaurants
  • New Lease Available (Subject to vacant possession)

Description

Description

Newport is often referred to as the capital of the Isle of Wight and is the commercial and administrative centre serving an island population of around 140,000, boosted further by an estimated 2.36 million annual visitors.

Situated in a highly prominent corner position at the junction of Pyle Street and Town Lane between St Thomas Square and South Street. The premises are situated adjacent to both Subway and Ladbrokes, and close to TK Maxx, Santander, Mountain Warehouse and Sports Direct together with a range of pubs and restaurants.

The accommodation comprises a ground floor sales area currently fitted out for use as a restaurant and bar area. There is a fully trading kitchen at the rear with cooking extraction.

Accommodation

Sales Area - 1,873 sq.ft (173.99 sq.m)
Stores - 481 sq.ft (44.64 sq.m)
Total Net Internal Area - 2,353 sq.ft (218.63 sq.m)

Rating

Rateable Value £29,000
Source The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

Terms

Available by way of a new full repairing and insuring lease for a term to be agreed at £30,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
Note: There is to be a service charge levied to cover communal costs
Note: It is understood VAT is payable on rents.

Planning

Under the current permitted use, we believe to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and, office. We also believe there is user permitted for 'Sui Genreis'.

All parties are advised to make their own enquiries to the local authority for confirmation.


EPC Text

Asset Rating - D (94)

Brochures

Providence Corner, 37 Pyle Street, Newport, Isle Of Wight, PO30 1XB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Smallbrook Junction Station6.1 miles

About Primmer Olds B.A.S., Southampton

Mountbatten House, 1 Grosvenor Square, Southampton, SO15 2JU

Primmer Olds B.A.S., Southampton

Whether you are looking to rent or purchase... concentrate on your business and we will concentrate on your business space!

Whether its retail, medical, industrial, office or something a bit different we have helped numerous business occupiers make the right move.

With an integrated approach, our team of professionals can help with all aspects of the move and advise on the ongoing costs, maintenance and management of your space.

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Notes

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Disclaimer - Property reference 7210LH. 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 Primmer Olds B.A.S., Southampton. 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.

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