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28 High Street

Offers in Region of
£275,000

£67.60 per sq ft

Business rates & charges may apply

Hose Rhodes Dickson, Newport
SIZE AVAILABLE

4,068 sq ft

378 sq m

SECTOR

Commercial property for sale

Floor/Site plan 1
1

Description

LOCATION
Located in Newport High Street, placing the development in easy reach for all that Newport has to offer from shopping, restaurants and transport links etc. It benefits from being in close proximity to St Thomas Square. Other prominent retailers are in close proximity such as Holland & Barrett, Trespass, Boots, EE, Waterstones and Clinton Cards along with several major banks.

The immediate population of Newport is around 25,000 with a catchment of around 60,000 when operating as the comparison shopping centre for the entire Island population of around 140,000. Continued investment in the town ensures its importance as a retail and leisure centre.

DESCRIPTION
The shop is currently let to Blacks (owned by JD Sports PLC), on a 3-year lease from 1st July 2024 at a passing rent of £15,000 which represents a very strong covenant and revisionary rent.

A planning pre-application has been put forward to create six flats and re-model the ground floor shop of 28 High Street, Newport. A pre-application was submitted to the Isle of Wight Council which gained a favourable response subject to various consents. A copy of this pre-application can be e mailed to any interested party along with the supporting plans etc. Please see some floor plans overleaf.

The proposal is for three x 2-bedroom units and three x 1-bedroom unit ranging from 46m² to 100m² giving an approximate gross internal area of 378m² (4,068ft²).

On top of this, there is a re modelling of the shop which runs to approximate 97m² (1044ft²) net. On paper the shop using recent comparables could achieve a rent of circa. £11,000 per annum once finished to a shell specification.

TERMS
Offers invited in the region of £275,000 for the freehold interest of the building.

OUTGOINGS
Rateable Value: TBA. Council tax: TBA. 2024/2025: 54.6p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on

VIEWING
Strictly by appointment with sole agents. Call Lisa Mercer or Charlie Dickson on or email

Under no circumstances should any approach be made to the existing shop as they will be unable to help

Brochures

28 High Street

Approximate location
Open mapStreet View

NEAREST STATIONS

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

About Hose Rhodes Dickson, Newport

138 High Street, Newport, PO30 1TY

Moving is a busy and exciting time and we're here to make sure the experience goes as smoothly as possible by giving you all the help you need under one roof.

The company has always used computer and internet technology, but the company's biggest strength is the genuinely warm, friendly and professional approach that we offer all of our clients.

Our record of success has been built upon a single-minded desire to provide our clients, with a top class personal service delivered by highly motivated and trained staff. A sign of this success is the fact that a large proportion of our business is from referrals, satisfied Clients who have recommended us to friends and family.

So, if you want professional help and advice on all aspects of moving home please contact us on the above number or call into our office.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 101276042316. 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.

Map data ©OpenStreetMap contributors.

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