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Unit 1 Towngate Retail Park, Newport, PO30 5HF
Use Class
E
Size
7,922 sq ft
Rent pa
£87,500
The subject unit extends to approximately 7,922 sq ft (736 sq m) GIA, partly subdivided at the rear to provide internal storage
Newport is located in the centre of the island, at the head of the River Medina which leads north to Cowes. It is well connected to the rest of the island by the A3020 and the A3054 trunk routes, which run north and south and east and west respectively from it
Accommodation
7,922 Sq.Ft
Financial
Lease Type
New Lease
Lease Term
Available by way of a new commercial FR&I lease for a term to be agreed with five-yearly upward-only rent reviews. The Landlord will insure the building, with the tenant to pay their proportional share of the building’s insurance premium. The current occupying business is unaffected; however, the occupier is now on flexible lease terms, which can be terminated on one month’s notice if possession is required. Otherwise, possession is subject to satisfactory completion of legal documentation
Rent
Subject to contract, rental offers are invited in the region of £87500 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Rates
Please note that the valuation office have the postcode for this unit listed as PO30 5DA. Applicants may wish to verify this information, and details of any current ratings relief schemes available, with the Rating Office on 01983 823920
Costs
Each party to bear their own
Service charge
The service charge budget for 2021-2022 is £2.36 psf per annum
Rates
Sustainability
Energy Performance Certificate
Energy Performance Certificate Information
Certificates available
Misrepresentation Notice
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.
All data ©2024 Completely Property Technology Limited
This was last updated on 18/08/2023