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    Key features

    • To be offered on Wednesday 14 May
    • Of interest to investors, owner occupiers and developers.
    • A substantial office space arranged over three floors
    • Potential for redevelopment/conversion (subject to requisite consents)
    • GIA approximately 533 sq m (5,737 sq ft)
    • Well located for the amenities of Newport
    • Vacant

    Description

    The property comprises a substantial office space GIA approximately 533 sq m (5,737 sq ft) arranged over three floors situated above established high street covenants of Waterstones and O2.

    There is a large scope for residential or commercial development / conversion (subject to requisite consents).

    It is well located for the amenities of Newport High Street and the Fishbourne Ferry Terminal provides direct crossings to the mainland.

    There is a large dedicated entrance to the office spaces off the High Street.

    Additional information

    Tenure

    Long Leasehold. 999 years from completion at a peppercorn rent.

    Planning

    The property has had positive pre application advice, please see the legal pack or contact Isle of Wight Council for further details.

    Notes

    Please note that VAT is applicable

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located in Newport which is county town of the Isle of Wight, an island off the South coast of England.

      A variety of local amenities are available in Newport including shops, restaurants and bars.

      Recreational amenities of Seaclose Park, Hamstead Heritage Coast and Ryde Beach are all easily accessible.

      Transport

      Situated approximately 5.3 miles from Fishbourne Ferry Terminal, which provides direct crossings to the mainland.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums