Lot 159

TOWN CENTRE RETAIL PREMISES WITH UPPER PARTS FOR DEVELOPMENT

104 & 105 St James Square, Newport, Isle Of Wight, PO30 1UR
104 & 105 St James Square, Newport, Isle Of Wight, PO30 1UR
Sold Prior

Occupying a prime trading position in the heart of the town centre of Newport, the IslandÂ’s commercial centre. This freehold property sits between Barclays Bank and The Entertainer and opposite Costa Coffee and is also within close proximity to numerous other prominent High Street brands. The ground floor is currently configured as one retail space, while the upper floor is split as two separate units.

The property benefits from rear access and there may be scope for the upper floor to be utilised for residential use, subject to all necessary consents being obtainable.

Ground Floor

Main retail area, staff kitchen, staff and customer toilets, rear store rooms.

First Floor

Open plan rooms, cloakrooms with W.C.s.

Local Planning Authority

Isle of Wight Council. Tel: 01983 823552. Website: iwight.com.

Freehold with Vacant Possession

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/