Back to search results
Unit 1, Towngate Retail Park, Newport, PO30 5HF
Description
The subject unit extends to approximately 7,922 sq ft (736 sq m) GIA, partly subdivided at the rear to provide internal storage
Location
Newport is located in the centre of the island, at the head of the River Medina which leads north to Cowes. It is well connected to the rest of the island by the A3020 and the A3054 trunk routes, which run north and south and east and west respectively from it
Availability
To Let
Lease Term
Available by way of a new commercial FR&I lease for a term to be agreed with five-yearly upward-only rent reviews. The Landlord will insure the building, with the tenant to pay their proportional share of the building’s insurance premium. The current occupying business is unaffected; however, the occupier is now on flexible lease terms, which can be terminated on one month’s notice if possession is required. Otherwise, possession is subject to satisfactory completion of legal documentation
Lease Type
New Lease
Service Charge
The service charge budget for 2021-2022 is £2.36 psf per annum
Costs
Each party to bear their own
Size
7,922 sq ft (735.98 sq m)
