Studio Property for sale

£115,000

Monks Brook, Newport, PO30 5XW

Description

LOCATION
Situated to the north of Newport town centre, the Island's County Town. The property is located in the Islands largest Industrial and business area and neighbouring occupiers includes the soon to be opened French Franks, Gurit, Vectawave Technology and the DVSA. St Cross Business Park is just opposite and houses occupiers such as NHS, Glanvilles Damant solicitors and The Care Learning Centre.



Newport is the hub of the Island and offers great links to Cowes and Ryde with easy access via passenger ferry to Southampton and Portsmouth. The car ferries at Fishbourne and East Cowes are also within a short drive. DESCRIPTION
Offered to lease is this newly built light industrial unit offering circa 1350 sq ft (125 sq m) of ground floor commercial space.



The property will provide a core with WC and kitchenette once complete. There is currently pedestrian access and windows which could be removed should another access be needed i.e. roller doors etc.



To the front of the unit there are 4 allocated parking spaces.



The building is of a modern steel framed construction and is currently in a ‘shell finish’ however, our clients are prepared to consider a fit out to specific requirements, price to be negotiated. The site will be fully DDA compliant with services ready for connection. TERMS
This property is available to purchase on the basis of 999-year ground leases (effective freeholds), price from £115,000 subject to finish and specifications if required.



Our client is also asking for £8.50psf for this unit in its current form to lease, this equates to £11,475pa + VAT, subject to terms and specification.



Applicants are asked to note that a variable service charge will apply to cover external areas and car parking, and in the event of an occupier having use of the main ‘Core’ facilities a further service charge will include servicing of shared internal areas.

Otherwise, the Landlord will insure the building with the tenant to pay their appropriate portion of the premium.OUTGOINGS
The property will need to be rated by the VOA upon occupation. VIEWING
All viewings to be arranged via HRD Commercial 01983 527727 or joint agent Scotcher and Co 01983 822288.

Wight Agent:

Hose Rhodes Dickson

Hose Rhodes Dickson
Newport Office, The Estate Office 138 High Street Newport PO30 1TY

Tel 01983 521144
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