Lot 137 Freehold Town Centre Shop And Upper Parts With Planning For ConversionAuction Date:
21st September 2022
51 High Street, Newport, Isle of Wight, PO30 1SB
Situated adjacent to the crossroads in the very heart of Newport, the Island's county town, this three storey freehold building was most recently occupied by a mobile telephone supplier but is now offered vacant. A separate access to the first floor exists between the neighbouring The Body Shop and Vodafone retail stores and Planning Permission has been granted for conversion of the upper floors into residential accommodation.
It is considered that, as with many modern town centres, there may be more demand for smaller retail units and so accordingly the new owners may wish to seek consent for a split of the ground floor commercial space into two smaller retail units in what is a prime location with neighbouring stores including, as previously mentioned, The Body Shop, Vodafone but also Clarks, WHSmith and B&M which run consecutively up this side of the High Street.
Ground Floor
Main retail space and rear lobby with stairs to first floor.
First Floor
Mix of a former retail and office space with disabled cloakroom with W.C.
Second Floor
Former storeroom, meeting room/office, separate ladies and gentlemen's cloakrooms with W.C.s. Access to small flat roof to the rear.
Auctioneer's Note
As indicated, a separate pedestrian access exists between The Body Shop and Vodaphone stores which leads to the first and second floor accommodation, in addition to the internal staircase.
Planning
Planning Permission has been granted by Isle of Wight Council under ref: 21/00524/FUL dated 19th January 2020 for change of use of first and second floors from current ancillary retail to residential to provide self-contained two bedroom flat on first floor and self-contained one bedroom flat plus roof terrace on second floor, ground floor refuse storage and second floor external plant space for the retained retail use; proposed replacement windows and doors at front and rear; infilling of existing of window and formation of new door opening at second floor level to provide plant access; alteration to shop front to provide a new pair of doors; replacement railings and provision of acoustic screen, subject to conditions.
A copy of the Planning Permission and accompanying documents may be downloaded from the Local Planning Authority website. Website: iow.gov.uk. Tel: 01983 823552.
Freehold with Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
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
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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.
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