Lot 46 Town Centre Lock-Up Shop For Investment Or Owner OccupationAuction Date:
24th July 2025
105-106 High Street, Newport, Isle Of Wight, PO30 1TJ
Key Features
Newport is the Isle of Wight's county town and this lock-up shop unit is situated in the very heart of the town centre with a number of high-profile and nationally recognised retailers in close proximity.
The shop has recently undergone a programme of upgrading and refurbishment, to include roller shutters to the High Street elevation. Overall the commercial space offers approximately 1,000 sq.ft. (93 sq.m.) of potential net sales area. In addition there is a small staff amenity area and a staff cloakroom with W.C. Garden to the rear in need of cultivation.
The property is considered ideal for use by an owner occupier trading from the premises or, alternatively, for addition to an income-producing commercial letting portfolio.
EPC Rating
E (103). Total Floor Area 291 sq.m.
Tenure
Remainder of a 999-year lease from 1st May 2025 at a peppercorn ground rent.
Leasehold with Vacant Possession
Further Information
Rob Marchant/Mike Marchant
on 01489 564606
Viewings
- Thu 10th July
15:00 - Mon 14th July
15:00 - Thu 17th July
15:00
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
Service Providers
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Local Information
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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
