Retail premises for sale in Holyrood Street, Newport PO30
£82,950 (£126.64/sq. ft)
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Call +44 1983 507372 *
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- Excellent Town Centre Location
- Rare Opportunity Within Newport
- Vacant Possession Available if Required
- Option to Purchase Shop Only or Whole Building
Situated just a few steps from the main High Street of Newport in an area noted for a variety of interesting local businesses, with near neighbours to include Visual Impact, Dabells Carpets/Flooring and W Hurst & Sons, amongst others.
Newport itself is the county town and administrative centre for the Island, and as such is constantly busy. Ongoing and past developments in and around the town continue to cement Newport as the commercial hub for the Island. Purchasing opportunities within the town are rare; therefore, early interest is encouraged.
The premises forms the ground floor of an end terrace Grade II Listed property of traditional construction.
Our clients, the vendors, also own the spacious two-bedroom flat above the shop, which could be available if required as a separate transaction (subject to existing short-term tenancy agreement) to any party interested in purchasing the shop as a lifestyle business, or to potentially generate an additional source of income. The whole building is available to purchase at £220,000, with an overall rental income (shop and flat) of £15,330 per annum.
We are advised that vacant possession will be available, if required, subject to legal completion. We also understand that the existing occupiers of the shop have an informal arrangement with the Landlord and if the property is sold they may wish to continue that with the new owner, subject to terms. The flat is currently let on an Assured Shorthold Tenancy.
For further details, please download the agency particulars or contact the agents direct.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Scotcher & Co, and do not constitute property particulars. Please contact Scotcher & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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