40 Pyle Street 5,951 SF Office Building Newport PO30 1XB $234,657 ($39.43/SF)

LOCATION
Situated in Newport Town Centre, this substantial property benefits from high footfall and a commanding position overlooking St Thomas Square.

The property is located next to one of the main thoroughfares from the High St and St Thomas's Square through to the Bus Station and a selection of large national retailers.

Newport is the County Town of the Isle of Wight and offers a variety of shopping amenities, churches, doctors, hospital and transport links. The town is within approximately a 15 minute drive of the Red Funnel ferry service in East Cowes and approximately 20 minutes of the Wightlink ferry service in Fishbourne.

DESCRIPTION
The unit, which is Grade II Listed, offers accommodation over 3 floors.

Ground Floor - approximately 411 sq m (4431 sq ft)
Entrance Hall
Bar & Lounge Area with fixed seating and dance floor
Snooker Room
Kitchen
Cellar
WCs
Stores

First Floor- approximately 128 sq m (1388 sq ft)
Function Room with Bar
Kitchen
Office
Store
Access to external Boiler Room

Second Floor - approximately 12 sq m (132 sq ft)
Stores

The property is accessed via Pyle Street but benefits from delivery access to the rear via Town Lane.

SERVICES
The property has mains water, electric and gas. There is gas central heating together with a range of air conditioning units throughout.

TERMS
This property is now going to auction with Savills Property Auctions on 17th March 2026.

OUTGOINGS
The VOA shows a rateable value of £26,000. Estimated rates payable will be circa £14,400pa without any applicable relief. Please direct any enquiries to the Valuation Office Agency.

VIEWING
All viewings to be arranged via HRD Commercial. Please [use Contact Agent Button] or [use Contact Agent Button].