Commercial Property for sale in Newport, PO30
St. James Street, Newport, PO30£28,000
Agent details
This property is listed with:
Full Details for Commercial Property for sale in Newport, PO30 :
LOCATION
A very well known property located a popular area on St James Street, Newport. Neighbouring businesses include Farmhouse Fayre, Eldridges Solicitors, Ming Garden and Bernards Shoe Shop.
DESCRIPTION
A former congregational church offering fantastic retail accommodation. The unit offers ground and first floor retail space extending to approximately 1370 sq ft (130 sq m) to the ground floor and 910 sq ft (85 sq m) to the first floor. The first floor balcony area also offers approximately 220 sq ft (20 sq m) of galleried retail space.
Currently Use Class A1 & A3 are permitted under the lease, however other units in this area have been granted change of use to restaurant/takeaway subject to the relevant consents.
To the rear of the premises are two units that have been sublet generating an income of £15,090 per annum. Further information is available upon request.
TERMS
Available by way of an assignment of an existing 20 year lease from 01/01/2005.
BUSINESS RATES
The VOA shows the rateable value as £17,750, using the 2014/2015 multiplier of .482 the rates payable would be approximately £8,600 pa.
LEGAL COSTS
Each party is to be responsible for its own costs incurred in any transaction.
VIEWINGS
All viewings to be arranged via our Commercial Department on 01983 527727.
A very well known property located a popular area on St James Street, Newport. Neighbouring businesses include Farmhouse Fayre, Eldridges Solicitors, Ming Garden and Bernards Shoe Shop.
DESCRIPTION
A former congregational church offering fantastic retail accommodation. The unit offers ground and first floor retail space extending to approximately 1370 sq ft (130 sq m) to the ground floor and 910 sq ft (85 sq m) to the first floor. The first floor balcony area also offers approximately 220 sq ft (20 sq m) of galleried retail space.
Currently Use Class A1 & A3 are permitted under the lease, however other units in this area have been granted change of use to restaurant/takeaway subject to the relevant consents.
To the rear of the premises are two units that have been sublet generating an income of £15,090 per annum. Further information is available upon request.
TERMS
Available by way of an assignment of an existing 20 year lease from 01/01/2005.
BUSINESS RATES
The VOA shows the rateable value as £17,750, using the 2014/2015 multiplier of .482 the rates payable would be approximately £8,600 pa.
LEGAL COSTS
Each party is to be responsible for its own costs incurred in any transaction.
VIEWINGS
All viewings to be arranged via our Commercial Department on 01983 527727.
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House Prices for houses sold in PO30 1LG
Stations Nearby
- Ryde St Johns Road
- 6.3 miles
- Smallbrook Junction
- 6.2 miles
- Ryde Esplanade
- 6.4 miles
Schools Nearby
- Ryde School with Upper Chine
- 6.0 miles
- Thompson House Tuition Centre
- 1.7 miles
- Priory School
- 7.4 miles
- Barton Primary School and Early Years Centre
- 0.4 miles
- Nine Acres Primary School
- 0.2 miles
- Newport C of E Primary School
- 0.4 miles
- St George's School
- 0.6 miles
- Christ The King College
- 0.7 miles
- The Isle of Wight College
- 0.6 miles
