Nearby occupiers including Costa, JD Sports, Mountain Warehouse, Boots the Chemist, Pandora and TK Maxx
In the same ownership for 18 years
Lot 20
Auction 17th February 2022
Rent
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of Trustees
Property Information
Location
Miles
5 miles south of Cowes, 15 miles south-west of Portsmouth, 18 miles south of Southampton
Roads
A3020, A3054, M27, M275
Ferry
Portsmouth to Fishbourne or Southampton to Cowes
Air
Southampton Airport
Situation
Newport is the county town of the Isle of Wight and is the centre of retail, administrative and industrial activity on the island. The property is situated within St James' Square located just off the junction of St James Street and High Street, being the primary retail zone within Newport town centre. Nearby occupiers include Costa, JD Sports, Mountain Warehouse, Boots the Chemist, Pandora and TK Maxx.
Tenure
Freehold.
Location
Miles
5 miles south of Cowes, 15 miles south-west of Portsmouth, 18 miles south of Southampton
Roads
A3020, A3054, M27, M275
Ferry
Portsmouth to Fishbourne or Southampton to Cowes
Air
Southampton Airport
Situation
Newport is the county town of the Isle of Wight and is the centre of retail, administrative and industrial activity on the island. The property is situated within St James' Square located just off the junction of St James Street and High Street, being the primary retail zone within Newport town centre. Nearby occupiers include Costa, JD Sports, Mountain Warehouse, Boots the Chemist, Pandora and TK Maxx.
Tenure
Freehold.
Description
The property comprises of a ground floor shop with ancillary accommodation at first floor.
VAT
VAT is applicable to this lot.
Completion Period
6 Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises of a ground floor shop with ancillary accommodation at first floor.
VAT
VAT is applicable to this lot.
Completion Period
6 Week Completion
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
Ground First
Retail/Ancillary Ancillary
160.90 sq m 144.27 sq m
(1,732 sq ft) (1,553 sq ft)
THE WORKS STORES LIMITED
Approx. 10 years from 11/03/2016 to 20/07/2026 on a full repairing & insuring lease
£60,000
Total
305.17 sq m
(3,285 sq ft)
£60,000
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.