Lot 70 6,500 Sq.ft Two Storey Freehold Town Centre Building Arranged As Offices With Scope For ConversionAuction Date:
18th September 2025
4-5 St. James Street, Newport, Isle Of Wight, PO30 5HE
Key Features
Situated a short distance from the centre of Newport, the Isle of Wight's County Town. This freehold two storey building is currently arranged as offices with separate office suites on the ground and first floors. The overall measurement for the building is 600 sq.m. (over 6,500 sq.ft) set over two floors while to the rear is a pedestrian access leading to Croker Street.
Prospective purchasers may wish to add the property to an income producing commercial portfolio. Alternatively, it is considered there is good scope of potential for residential conversion into apartments, subject to all necessary consents being obtainable.
Ground Floor
A range of separate office and meeting rooms, staff room/kitchen and cloakroom with W.C.
First Floor
A range of separate office and meeting rooms, staff room/kitchen and cloakroom with W.C.
EPC Rating
D (95). Total Floor Area 239 sq.m.
Local Planning Authority
Isle of Wight Council. 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
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
