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Retail Units & Shops

Isle of Wight

Newport

property

Let

This property is part of an unsponsored retail warehousing scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

Unit 2 Towngate Retail Park, Newport, PO30 5HF

Use Class

Size

8,891 sq ft

Rent pa

POA

Market Sector

Retail & Shopping Park

Accommodation

8,891 Sq.Ft

This Property is Part of a Retail & Shopping Park

Towngate Retail Park

The Isle of Wight is a renowned tourist destination welcoming over 2.6 million visitors a year contributing in excess of £275m to the local economy. The subject property is situated in Newport, the administrative centre of the Isle of Wight. Towngate Retail Park is highly prominent and sits within the main retail warehouse cluster on the island. It is also a short walk away from Newport town centre. Let to established national retailers: Halfords, Snap Fitness and Benson for Beds. The property totals 20,093 sq ft producing a net rental income of £224,920 pa, reflecting a low average rent of £11.65 psf WAULT of c. 6.4 years to expiry and 4.6 years to break options. Freehold.

Scotcher & CoMcMullen Real Estate

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.