Lot 87 Freehold Commercial Investment With Potential For Additional DevelopmentAuction Date:
26th March 2026
28 High Street, Newport, Isle Of Wight, PO30 1SS
Let until late May 2026 at £15,000 per annum
Key Features
This two storey freehold commercial building is situated in the heart of the town centre at Newport, the Isle of Wight's county town.
The building is at present let to Blacks, part of the JD Sports PLC, under the terms of a commercial lease. However, the tenant has given notice to vacate at the end of May 2026.
It is considered that the building offers scope and potential for further development above the existing premises. We are advised by the seller that pre-application advice from the Isle of Wight Council Planning Department has indicated a favourable response to the creation of a new ground floor retail space conversion of the rear ground floor to form a one-bedroom flat, with five further flats to include studio, one, two, and three-bedroom apartments situated over. A copy of the pre-application advice will be available to download from the Clive Emson website.
Tenancy
Let under the terms of a commercial lease for a term of three years from 1st July 2024 at a rental of £15,000 per annum.
Local Planning Authority
Isle of Wight Council. Website: iow.gov.uk. Tel: 01983 823552.
EPC Rating
C (70). Total Floor Area 367 sq.m.
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
