Towngate Retail Park Newport, PO30 5HF
• 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 £335,452 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.
![Towngate Retail Park](https://neo.completelyretail.co.uk/media/scheme/3/3051/CG_Towngate_Retail_Park_Newport_picture_2024-07-24-16-25-05_p3_200x160.jpg)