20 St James Square Newport Isle of Wight PO30 1UX

20 St James Square
Newport
Isle of Wight
PO30 1UX

Freehold Retail Investment

Let to Top Shop/Top Man Properties Limited on a recently renewed lease (Guaranteed by Redcastle Limited)
Rent rebased from £70,000 p.a.x
Prime trading position in the heart of the town centre
Historic market town and principal commercial centre of the Isle of Wight
Nearby occupiers include McDonald's, Costa, Boots the Chemist and Holland & Barrett

Lot
14
Auction
19th October 2017
Rent
£61,500 per Annum Exclusive
Status
Sold
Price
£775,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Cambridge College

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Freehold Retail Investment

Let to Top Shop/Top Man Properties Limited on a recently renewed lease (Guaranteed by Redcastle Limited)
Rent rebased from £70,000 p.a.x
Prime trading position in the heart of the town centre
Historic market town and principal commercial centre of the Isle of Wight
Nearby occupiers include McDonald's, Costa, Boots the Chemist and Holland & Barrett

Lot 14
Auction 19th October 2017
Rent £61,500 per Annum Exclusive
Status Sold
Price £775,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Cambridge College

Property Information

Location

Miles: 5 miles south of Cowes, 7 miles south-west of Ryde, 15 miles south-west of Portsmouth
Roads: A3, A3054, M27, M275,
Rail: Ryde Esplanade Railway Station
Air: Southampton Airport, Gatwick Airport

Situation

Newport, a historic market town, is the principal commercial and administrative centre for the Isle of Wight. The property is situated on the east side of St James Square in the heart of town centre, between High Street and Pyle Street. Nearby occupiers include McDonald's, Costa, Boots the Chemist and Holland & Barrett.

Tenure

Freehold.

Location

Miles: 5 miles south of Cowes, 7 miles south-west of Ryde, 15 miles south-west of Portsmouth
Roads: A3, A3054, M27, M275,
Rail: Ryde Esplanade Railway Station
Air: Southampton Airport, Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive period building with retail accommodation on the ground and first floors and ancillary accommodation on the second and third floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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