135 Hunnyhill

Newport, PO30 5HS

AUCTION DATE 20/7/2021. - LOT 29

Property Type Investment
Availability For Sale
Size 1668 sqft
Energy Performance Rating N/A

LOT 29 going to Auction on the 20th July 2021. Freehold Convenience Store and Residential Investment


LOCATION

Newport is the principal town and main retail location on the Isle of Wight and is located at the head of the Medina estuary, 4 miles south of Cowes and 8 miles west of Ryde. The property is situated in a predominantly residential area on the east side of Hunny Hill, close to its junction with Banner Lane. Occupiers close by include B&Q and Isle of Wight College amongst others.

KEY POINTS

  • Entirely let to Bestway Retail Limited on a lease expiring in 2037 (no breaks)
  • Lease guaranteed by Bestway Wholesale Ltd
  • Fixed rental uplifts in 2027 and 2032
  • Auction Guide Price £550,000
  • Includes a self-contained two bedroomed flat above and a garden to the rear that may be suitable for development
  • Situated in the principal town on the Isle of Wight
  • Six week completion available
The property comprises a ground floor convenience store with an ATM and a self-contained two bedroomed flat on the first floor above. The property also benefits from a garden to the rear. The garden to the rear may lend itself to development, subject to obtaining all the necessary consents. All enquiries should be made with the local authority the Isle of Wight Council: Contact Number: 01983 821000 Website: www.iow.gov.uk
< Back to properties VIEW SHORTLIST Download Commercial 20th July 2021 Lot 29 135 Hunnyhill Newport Isle Of Wight PO30 5HS.pdf

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

020 7478 9112

CONTACT AGENT


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