Commercial property
Sold Freehold Retail Investment, 20 St James Square, Newport, Isle of Wight - Auction date: 19 October 12.30pm

Summary

Key Details

• Let to Top Shop / Top Man Properties Limited on a recently renewed lease (Guaranteed by Redcastle Limited)
• Rent rebased to £61,500 pa
• Prime trading position in the heart of the town centre
• Historic market town and principal commercial centre of the Isle of Wight
• Nearby occupiers include McDonalds, Costa, Boots the Chemist and Holland & Barrett

Lot 14 - Isle of Wight - Currently guiding at £775,000 - NIY 7.94% with c. 5 years of income remaining.

We are jointly instructed with Acuitus Auctioneers to market the above retail investment, let to Top Shop / Top Man Properties Limited on a recently renewed lease. 

The auction date is 19th October at 12.30pm and will take place at The Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG.

Should you require any further information please do not hesitate to contact Katherine Ilett 020 3761 3633 or our joint agents Acuitus, John Mehtab 020 7034 4855 or Billy Struth 020 7034 4854.