Morgan Williams

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Unit 1, Towngate Retail Park

Towngate Retail Park
Newport, PO30 5HF

Use Class E

7,922 sq ft

£87,500

Use Class

E

Size

7,922 sq ft

Rent pa

£87,500

Marketed by Morgan Williams

Last updated 16/11/2021
Unit 1
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

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

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

Rateable Year:2017
Rateable Value:£112,000.00
Rates Payable:--
UBR:--

Costs

Each party to bear their own

Service Charge

The service charge budget for 2021-2022 is £2.36 psf per annum

Sustainability

Energy Performance Certificate

C
Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Energy Performance Certificate Information

Certificates available

Last Updated

16/11/2021

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 ©2022 Completely Property Technology Limited

Morgan Williams

Morgan Williams

View Towngate Retail Park