Lot 43 Freehold Town Centre Commercial Building Extending To Over 11,000 Sq. Ft. On A Plot With Re-development PotentialAuction Date:
12th June 2024
95 High Street, Newport, Isle Of Wight, PO30 1BQ
This substantial freehold building is situated in the very heart of the town centre of Newport, the Isle of Wight's county town.
Arranged over two floors, the internal accommodation extends to 1,026 sq.m. (11,045 sq.ft.) and, having recently undergone a programme of upgrading and refurbishment, the property is considered ideal for the next phase of its commercial use with the installation of a new tenant, or perhaps for use by an owner occupier. Alternatively, it is considered the site may have
re-development potential, utilising the access onto Mill Street, subject to all necessary consents being obtainable.
Accommodation
The ground floor which largely comprises retail space extends to 677 sq.m. (7,288 sq.ft)., which includes access via a loading bay to Mill Street to the west of the property. The first floor comprises a large warehouse/stock room with additional offices and staff amenity areas, and ladies and gents cloakrooms with W.C.s.
Outside
The loading bay extends via a hardstanding onto Mill Street.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
EPC Information
The property has an EPC rating of D (88).
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
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
