36 High Street, Newport, Isle of Wight, PO30 1SR

Prominent and Attractive Commercial Unit Over Two Floors

Description

Newport is the County Town and administrative centre for the Island and, as such, is constantly busy. The subject premises is in an extremely prominent location, in the heart of the Town Centre and located on the corner of the High Street and the popular pedestrianised St. Thomas Square.

Near neighbours include H Samuel, Boots, Superdrug, Lloyds Bank, Newport Minster, and a variety of other licensed and food outlets, plus both local and national retailers.

The property comprises a Grade II Listed 2 storey premises benefitting from a wide and interesting frontage wrapping around High Street and St. Thomas Square.

Ground floor comprises an open plan sales area incorporating customer WC, a rear lobby with fire exit door. The accommodation of first floor is subdivided into further store rooms, offices, staffrooms and WC facilities.

Accommodation

Ground Floor - 2,030 sq.ft (188.50 sq.m)
First Floor - 1,943 sq.ft (180.55 sq.m)
Total Net Internal Area - 3,973 sq.ft (369.10 sq.m)

Planning

Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

EPC Text

Asset Rating - NA

Rating

Rateable Value £42,750

Source - voa.gov.uk
The 2024/2025 small 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.

Terms

Available by way of a new full repairing and insuring lease for a term to be agreed at £35,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
Note: It is understood VAT is payable on rents.