51 High Street Newport Isle of Wight PO30 1SB

51 High Street
Newport
Isle of Wight
PO30 1SB

Freehold Retail Investment

  • Entirely let to The Carphone Warehouse Limited
  • Prime High Street location
  • Nearby occupiers include Dorothy Perkins, Thorntons, Clarks, WH Smith and Burton
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    59
  • Auction
    19th May 2016
  • Rent
    £70,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £730,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Entirely let to The Carphone Warehouse Limited
  • Prime High Street location
  • Nearby occupiers include Dorothy Perkins, Thorntons, Clarks, WH Smith and Burton
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 59
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £730,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
5 miles south of Cowes, 7 miles south-west of Ryde, 15 miles south-west of Portsmouth
Roads
A3054, A3, M275, M27
Rail
Ryde Esplanade
Ryde St Johns Road
Air
Gatwick International Airport, Southampton Airport
Situation

Newport, a historic market town, is the principal commercial and administrative centre for the Isle of Wight and draws from the entire island for its catchment. The island has a population of approximately 140,000 people, which is substantially increased by the approximately 2.5 million tourists who visit the island annually. The property is situated in a prominent position on the High Street and benefits from nearby occupiers including Dorothy Perkins, WH Smith, Burton and Clarks.

Tenure

Freehold.

Location
Miles
5 miles south of Cowes, 7 miles south-west of Ryde, 15 miles south-west of Portsmouth
Roads
A3054, A3, M275, M27
Rail
Ryde Esplanade
Ryde St Johns Road
Air
Gatwick International Airport, Southampton Airport
Situation

Newport, a historic market town, is the principal commercial and administrative centre for the Isle of Wight and draws from the entire island for its catchment. The island has a population of approximately 140,000 people, which is substantially increased by the approximately 2.5 million tourists who visit the island annually. The property is situated in a prominent position on the High Street and benefits from nearby occupiers including Dorothy Perkins, WH Smith, Burton and Clarks.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on first and second floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without
personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with ancillary accommodation on first and second floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without
personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review (Reversion)
Ground Retail/Ancillary 109.62 sq m (1,180 sq ft) THE
CARPHONE
WAREHOUSE
LIMITED (1)
10 years from and including16/08/2010 on a full repairing and insuring lease £70,000 16/08/2015
(15/05/2020)
First Ancillary 86.11 sq m (927 sq ft)
Second Ancillary 69.41 sq m (747 sq ft)        
Totals   265.14 sq m (2,854 sq ft)     £70,000

(1) For the year ending 2nd May 2015, The Carphone Warehouse Limited reported a turnover of £2,056,123,000, pre-tax profits of £77,146,000 and a total net worth of £1,007,750,000 (Source: Experian Group 20/04/2016).

Property Documents

  • Site Plan
    Updated Date
    31.10.19
    File Size
    347 KB
    View PDF
  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    675 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS12 2HL
Nick Cannon 0113 283 2506nick.cannon@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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