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14 Carisbrooke Rd 590 SF Retail Building Newport PO30 1BL $216,726 ($367.33/SF) 11.25% Cap Rate
Investment Highlights
- Freehold mixed commercial and residential investment
- Town centre location close to amenities and transport links
- Current rental income of £18,000 per annum
Executive Summary
A fully income-producing freehold mixed-use investment located in Newport town centre, Isle of Wight. The property comprises a ground floor retail unit and a self-contained two-bedroom apartment above, generating a total passing rent of £18,000 per annum. The commercial unit is secured on a 3-year lease from June 2026, while the residential accommodation provides additional rental income, making this a high-yielding investment opportunity. The property also benefits from a small rear courtyard and separate access to the apartment.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
590 SF
Building Class
C
Year Built
1950
Price
$216,726
Price Per SF
$367.33
Cap Rate
11.25%
NOI
$24,382
Tenancy
Single
Building Height
3 Stories
Building FAR
0.34
Lot Size
0.04 AC
Frontage
15’ on Carisbrooke Road
Amenities
- Bus Line
1 1
Nearby Major Retailers
1 of 3
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14 Carisbrooke Rd
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