Forest Road, Newport

LOCATION
Situated on the main A3054 (Forest Road), on the edge of the Island's County Town of Newport, this highly visible and prominent unit offers easy accessibility and can be reached by circumnavigating the busy town centre and industrial estate.

The site is within approximately a 5 minute drive from the Town Centre and 15 minute drive of the Red Funnel ferry service in East Cowes and approximately 20 minutes of the Wightlink ferry service in Fishbourne.

Newport has a population circa 25,000 (2021 census) which will increase with the new residential development on Horsebridge Hill. The town itself offers a variety of shopping amenities, churches, doctors, hospital and transport links.

DESCRIPTION
Offered to lease are ground floor commercial units offering approximately 1550 sq ft each. Each ground floor unit will have WC's, road frontage to Forest Road, allocated parking and the site will also offer visitor parking. There is potential to also rent some rear yard space if required by separate negotiation.

The first floor also offers office accommodation of approximately 2540 sq ft and, with several access points, could be subdivided to suit occupiers requirements if needed. Staff areas and WC's will also be included.

The property is of metal frame construction and was originally constructed as an aeroplane hangar and has been modernised over the years by the previous owner occupiers. Due to the layout the property offers flexible accommodation and can very easily be subdivided to suit requirements and single or multi unit occupiers will both be considered.

The landlord is currently applying for change of use on the site to B2, B8 and Class E and for the unit to be sub-divided.

Externally
The property has a very prominent frontage and offers areas for signage on the main road (subject to any permissions). There is also ample parking, the amount offered will be dependant on configuration.

To the rear is a secure yard for storage/deliveries but could also be utilised for other purposes.

The front forecourt also offers an electric vehicle charging point.

SERVICES
We have been advised that the property benefits from mains electric, gas, water and drainage. Any enquiries should be made directly to the suppliers.

TERMS
Ground floor commercial: Each unit is offered at £15,000 pa + VAT
First Floor office space: £12,000 pa + VAT
Incentives may be offered for the right tenant. Multiple unit lets may also be considered.

OUTGOINGS
The unit is yet to be rated by the VOA.

VAT
VAT is payable at the prevailing rate.

PARKING NOTES
Allocated on site parking for each unit.

VIEWING
All viewings to be arranged via HRD Commercial or Scotcher and Co .