Shop Unit to Rent in Central Newport Location

Location

The unit sits in St James Street, one of the main links in to the town centre linking the South Street retail offer and Bus Interchange with Newport's High Street and therefore benefits from a very high footfall. It is located adjacent to retailers such as Game, Next and McDonalds, and supported by branches of several major banks being Santander, HSBC, Nationwide, and Barclays. Newport is the Island's county town and undoubted commercial centre. The immediate population is around 25,000 with a catchment of around 60,000 when operating as the comparison shopping centre for the entire Island population of around 140,000. Continued investment in the town, most recently from Mountain Warehouse, ensures its importance as a retail and leisure centre.

Description

Lock-up shop running to a total of circa 35.2m² (378.9ft²) including staff WC, kitchenette and storage space. The unit benefits from a significant glazed frontage to St James Street.

Terms

Available by way of a new lease at £12,000 per annum. Further terms by negotiation.

Uniform Business Rate

Rateable Value: £8,800

2024/2025: 54.6p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on 01983 821000

Viewing

Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on 01983 301434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com