Retail & Shopping Parks located in Newport - Isle of Wight

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.

Unit 4A Carisbrooke Retail Park (Isle of Wight). The subject property is a traditionally built, steel portal frame retail warehouse unit. The property occupies a prominent position within the estate and is elevated when compared to the other retail warehousing in close proximity. The critical dimensions of the property are outlined in the table below: There is free customer car parking to the front of the property and access for loading is via the side service yard. Access for loading is via the service yard to the rear.

Wakes Retail Park comprises of three retail units providing approximately 40,762 sq ft of ground floor accommodation. The units are let to Currys/PC World/Carphone Warehouse and Pets at Home with other retailers in close proximity including: Dunelm, Magnet, Topps Tiles and Lidl.