27 Manners Vw 7,050 SF Industrial Building Carisbrooke PO30 5FA $583,031 ($82.70/SF)

The premises are offered for sale on what we understand is the balance of a ground lease until 31st October 2123 from the Freeholders, Isle of Wight Council, at a current annual ground rent of £8,000 pa. If let, the premises will be leased by way of a new commercial lease, effectively on a full repairing and insuring basis and with, if appropriate, three-yearly upward-only rent reviews. The Landlord will reserve the right to exclude any lease from the security provisions of the Landlord & Tenant Act 1954, Part II.
Price guide £435,000 (Ground Leasehold).
The property is of steel portal frame construction under a profile roof and cladding. The property measures some 77’8’’ (23.7m) wide x 90’0’’ (27.6m) deep, thereby providing a footprint of about 7,050ft² (654.9m²) GIA. The unit is accessed via large front and smaller side roller-shutter doors, and enjoys excellent eaves height, allowing for racked storage of mezzanine arrangements as appropriate and if required. Located in the north-west corner of the unit is a two-storey office arrangement, providing about 700ft² (65.0m²) on each floor, with an additional staff/mess room and WC facilities on the ground floor.
Outside there is a sizeable concrete yard/parking to the front of the building, with additional hard-standing to the side.
Located within the Island’s premier trading, manufacturing and industrial estate on the edge of Newport Town Centre, this unit could be suitable for a wide variety of occupiers (subject to any necessary consents). Units of this size with the benefit of ample parking are rarely available, therefore early interest is encouraged. Newport itself is the County Town and administrative centre for the Island and, as such, is constantly busy. There have been many commercial and residential developments in and around the town in recent years, some of which are ongoing, and these have firmly cemented Newport as the commercial hub for the Island. Near neighbours include Toolstation, Screwfix, Build Center, and others; Isle of Wight College, B&Q and St. Mary’s Hospital are all within easy reach. There is easy access to the nearby dual carriageway, in turn with good communications by road to all parts of the Island.