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Investment Highlights

  • Prime high street retail investment in Newport town centre
  • Strong footfall location with tourism influence (~2.3 million visitors annually)
  • Let on a 5-year FRI lease

Executive Summary

This is a well-located freehold retail investment situated in a prime high street pitch in Newport, Isle of Wight. The property is fully let to A G Retail Cards Limited (trading as Clintons) on a reversionary 5-year FRI lease from December 2018, producing a current passing rent of £75,000 per annum. The investment offers stable income with potential reversion, underpinned by a prominent retail position within the island’s main commercial and administrative centre, benefiting from strong footfall and year-round visitor activity.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
4,360 sq ft
Costar Property Class
B
Year Built
1890
Price
£875,000
Price per sq ft
£200.69
Yield
8.12%
NOI
£71,050
Tenancy
Single
Number of Floors
4
Frontage
29 ft on High St

Amenities

  • EPC - D
  • Storage Space

Major Tenants

  • Tenant
  • Industry
  • sq ft Occupied
  • Rent/sq ft
  • Lease End
  • Retailer
  • 4,360 sq ft
  • -
  • Dec 2023

Clintons began in 1968 as a UK card retailer and has grown into a familiar high-street business focused on greeting cards and related gift products. The company’s current website describes a range built around cards, stationery, keepsake gifts and seasonal items, with collections presented for everyday occasions and celebrations. Clintons’ public story page says the business has stayed centred on helping customers choose the right message, while its collections pages show a retail offer that blends cards with gift-led merchandise. Wikipedia also notes that the chain was originally founded by Don Lewin and became known for greeting cards, soft toys and related gifts.

Tenant Industry sq ft Occupied Rent/sq ft Lease End
Retailer 4,360 sq ft - Dec 2023

Nearby Major Retailers

Tesco
Lidl
the food WAREHOUSE
Banco Santander
National Westminster Bank Plc
Lloyds Bank
T S B
Lounges
Snap Fitness 24/7
Morrisons
  • Listing ID: 38574992

  • Date on Market: 26/11/2025

  • Last Updated:

  • Address: 42 High St, Newport PO30 1SE

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