Situated on the Riverway Industrial Estate, close to the centre of Newport, this detached freehold building was previously used as a bank branch and business centre, with supporting offices, meeting rooms and storage areas.
The Riverway Industrial Estate has a mix of retail warehouses, car dealerships, trade counters and industrial units. We are advised that the building was originally constructed as a furniture factory and showroom, indicating that the building and plot may be suitable for a number of future commercial uses, subject to all necessary consents being obtainable.
The building extends to 1,187 sq.m. (12,782 sq.ft.) over two floors and is situated on a plot of 0.29 hectares (0.73 acres) which includes some 60 car parking spaces – although at the time of sale some of these have been reclaimed by nature and will require the clearance of vegetation prior to use.
The bank are intending to retain an area of the car park on a leasehold basis for the storage of a mobile banking unit which is, at present, housed within a green cage within the car park. We are advised that it may be possible to relocate the cage within the car parking area, if preferred by the buyer. Full details of this arrangement and the options will be included in the legal pack, available to download from the Clive Emson website or inspection at the Auctioneers Office.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
The property has an EPC rating of C (69).