Grocery & Local Shops for sale in Newport, Isle of Wight (Newport)

Commercial Property in Newport Isle of Wight available for sale

Retail Properties for Sale Near the Newport, Isle of Wight (Newport)

15 Scarrots Ln

Newport, PO30 1JD

Retail for Sale
£120,000
1,865 sq ft

Newport Retail for Sale - Newport, Isle of Wight

Freehold commercial investment for sale within the island’s main town centre of newport – tenancy and business unaffected. Price guide - £120,000 freehold. Subject to the existing commercial tenancy in situ. Gross yield on capital before costs estimated at 9.92%. Tenure: Advised Freehold, to be confirmed in legal documentation, and subject to an existing commercial tenancy in situ at a passing rent of £11,900 p.a.x. The lease is dated 28th July 2020 for a term of 12 years up to and including 1st July 2032. Our client’s title is held under Title Numbers IW12267 and IW75132. A copy of the relevant lease documents can be made available to bona fide applicants or their professional advisors, subject to signature of a confidentiality agreement. Situated just a few steps from the main Town Centre and St. James Street, this is a rare opportunity to purchase a fully commercial investment, with an existing long-standing tenant in situ. The New Rembrandt Gallery has traded for many years in this location, and provides extensive accommodation for the main business and associated activities. Newport itself is the County Town and administrative centre for the Island and, as such, is constantly busy, with a great many and wide variety of commercial occupiers both national and local within its boundaries. The property itself is effectively semi-detached and is of traditional construction over three floors. Over the three floors, the total NIA is 1,865ft² (200.4m²).

Contact:

Scotcher & Co

Property Subtype:

Shopfront

Date on Market:

03/07/2026

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42 High St

Newport, PO30 1SE

Retail for Sale
£875,000
4,360 sq ft

Energy Performance: D

Newport Retail for Sale - Newport, Isle of Wight

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.