Situated close to the bus station in the centre of Newport, the Island’s county town, this substantial three storey freehold building is at present let to both commercial and residential tenants, and producing a healthy investment income.
Occupiers include the multi-national “GAME” on a renewed five year lease.
29 St James Street
Main trading area with rear store rooms, staff kitchen area and cloakroom with W.C.
Let under the terms of a five year lease from 13th November 2017 at a current rental of £27,500 per annum.
29B St James Street
Currently let to a Health and Beauty provider with accommodation over the two floors including a main salon area and numerous smaller treatment rooms, cloakroom with W.C. and staff kitchen/rest room.
Let under the terms of a commercial lease for a period of ten years from 1st September 2018 at a current rental of £8,000 per annum.
29A St James Street
Living room, kitchen/dining room, two bedrooms, bathroom (no W.C.) and cloakroom with W.C.
Currently holding over under the terms of an Assured Shorthold Tenancy Agreement from 26th January 2013 at a current rental of £6,000 per annum.
Living room, kitchen, bedroom, bathroom (no W.C.) and cloakroom with W.C.
Currently holding over under the terms of an Assured Shorthold Tenancy Agreement from 10th November 2012 at £3,600 per annum.
The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.