porstmouth – unit 23, cascades shopping centre

NEWPORT (ISLE OF WIGHT) – 18A HIGH STREET
LARGE SHOP AVAILABLE IN PROMINENT TOWN CENTRE LOCATION
NEARBY OCCUPIERS INCLUDE H SAMUEL, YATES'S WINE LODGE, THE HOG'S HEAD,
BLACKS, O2 AND SPECSAVERS
__________________________________________________________________________________________
LOCATION
The Isle of Wight has a resident population of 130,000
which is substantially boosted through the Summer
months due to tourism. Newport is the principal town
and main commercial and administrative centre
servicing the Island. There are frequent ferry services
from Southampton, Portsmouth and Lymington to
Cowes, Fishbourne and Yarmouth respectively.
The High Street is the town's principal retailing
thoroughfare where retailers including BHS, JD,
Dorothy
Perkins,
Mountain
Warehouse,
Poundland and 99p Stores are all located.
The subject premises are situated towards the eastern
end of the High Street, next to Hog's Head Public
House with other nearby occupiers including Yates's
Wine Lodge, H Samuel, Animal, Specsavers and
Lloyds Bank.
We are verbally informed by the Local Rating Authority
that the premises have been assessed for rating
purposes as follows:-
THE PROPERTY
The premises is arranged over ground floor only
offering the following approximate dimensions and
floor areas:Gross Frontage
Net Frontage
Ground Floor (GIA)
RATES
-
18.52 m
60' 09"
17.98 m
59' 00"
1,296.00 m² 13,950 sq.ft.
NB: The premises benefit from rear servicing and car
parking.
TERMS
The premises are available by way of an assignment of
the existing lease to expire in September 2021 or by
way of a new underlease on rental terms to be agreed.
Alternatively, a new lease on either the whole or part
of the premises may also be available.
Further
information is available upon request.
Rateable Value
UBR (2015/2016)
Rates Payable (2015/2016)
-
£57,000
49.3p
£28,101
Interested parties are advised to make their own enquiries to the
Local Authority.
COSTS
Each party is to be responsible for their respective
surveyors and legal costs incurred in the transaction.
INSPECTION
The existing staff are unaware that the store may
close and therefore inspections may only be carried
out with prior notice by contacting:-
EPC
Jonathan Daniels jonathandaniels@smithprice.co.uk or
Matthew Doe
matthewdoe@smithprice.co.uk
or
John Mortimer
johnmortimer@smithprice.co.uk
An EPC has been commissioned and will be available
upon request shortly.
Tel: 020 7409 2100
Newport (Isle of Wight)
REAR SERVICING VIA PYLE STREET
Experian Goad Plan Created: 14/09/2015
Created By: Smith Price
50 metres
Copyright and confidentiality Experian, 2015. ©
Crown copyright and database rights 2015.
Ordnance Survey 100017316
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