Shopfront Properties for sale in PO30

Commercial Property in PO30 available for sale

Find Shopfront for sale in PO30 that meets your business or investment goals

86-88 High St

Newport, PO30 1BH

Retail for Sale
£495,000
6,433 sq ft

Newport Retail for Sale - Newport, Isle of Wight

Sale by private treaty and, if appropriate to both parties, possibly dealt with as a transfer of a going concern (TOGC). £525,000 for Freehold, with a gross rental income of £48,000 p.a.x., equating to approximately 9.14% before costs. Located towards the western end of the main High Street of Newport, which in turn is the County Town and administrative centre for the Island and, as such, is constantly busy and generally considered the commercial hub for the Isle of Wight. The town is home to a wide variety of local and national commercial occupiers, with ongoing developments both within the town and in the surrounding area continuing to cement its position as a prime location for commercial and other investments. Freehold investment opportunities such as this are rarely available in the town, and this instruction is considered ideal for addition to an income-producing portfolio or private pension fund, therefore early interest is encouraged. The property itself is constructed over three floors, of traditional construction, and benefits from rear car parking: the accommodation and other details are as briefly outlined overleaf. A display forecourt to the front of the property. An incorporated side access archway at the side of the shop leads through to the enclosed tenants’ rear car parking area. The sale is subject to the existing tenancies in situ, briefly outlined as follows: Ground Floor: Let to Day Lewis PLC for a 10 year term from 2nd August 2022, at a passing rent of £23,000 p.a.x. with five-yearly rent reviews and within the security provisions of the Landlord & Tenant Act 1954, Part II. We understand that the tenant’s have break clause arrangements on 1st August 2025 and 2028, both on not less than 6 months’ prior written notice. First & Second Floors: Originally let to Pinnacle Health Partnership Ltd. and now we understand vested in EMIS Ltd., on the basis of a 10 year term from 21st February 2017, at a passing rent of £25,000 p.a.x. with three-yearly rent reviews. Both leases are, we understand, granted on an FR&I basis, and copy leases can be supplied to bona fide applicants and their professional advisors upon request.

Contact:

Scotcher & Co

Property Subtype:

Shopfront

Date on Market:

28/09/2025

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Shopfront Properties for Sale Within 5 miles of the PO30

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).