Lot 135 Commercial Property In High Street LocationAuction Date:
12th June 2024
134 & 135 High Street, Newport, Isle Of Wight, PO30 1TX
Currently part let at £2,410 per annum
This substantial freehold property is located in the heart of Newport High Street, the island's county town, and benefits from a prominent corner position. The accommodation is split across three floors and the upper two floors offer a good deal of scope and potential for upgrading and remodelling to form several residential units, subject to all necessary consents being obtainable. The existing ground floor comprises two retail units, both of which are considered an ideal size for letting to local businesses.
134 High Street
Ground Floor
Main retail area, office, staff room with kitchen and W.C.
135 High Street
Ground Floor
Main retail area and stairs to first floor.
First Floor
Open-plan rooms, currently in use as office/storage for the commercial unit.
Holyrood Street
Ground Floor
Entrance lobby, storeroom and cloakroom with W.C.
First Floor
Office and further cloakroom with W.C.
Tenancy
Currently let on an informal basis at a rental of £2,410 per annum.
Second Floor
An array of office/former residential rooms and bathroom with W.C.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
Freehold with Part 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
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 Buyers Fees
