Three Storey Town Centre Commercial Investment

This attractive three-storey freehold building is situated in a prominent town centre location on St Thomas' Square in the heart of Newport, the Isle of Wight's county town. Let under the terms of a 25-year commercial lease from 7th April 2006 at a current rental of £13,000 per annum, the property is considered ideal for addition to an income-producing commercial property portfolio. The accommodation extends to approximately 102 sq.m. (1,098 sq.ft.) and is currently arranged across three levels as retail space, offices, and store rooms. The ground floor comprises a main sales and retail area along with ladies and gents cloakrooms with W.Cs. The first floor features a large landing currently used as a store, leading to an office or further store room. The second floor provides an additional office and store room with views over the square.