Grays Walk 260 - 2,720 SF of Space Available in Newport PO30 1TD

A most unusual retail opportunity, comprising the sale of this business ‘as a going concern’ and as an effective turnkey operation to include all stock, fixtures & fittings. Price guide £15,000 for leasehold. To include all stock, fixtures and fittings, with a new lease to be negotiated. Our client is currently holding over on an existing lease, at a passing rent of £6,500 p.a.x. However, it is expected that a purchaser will be able to negotiate a new lease on appropriate terms. We understand that currently no service charge arrangement is applicable, but any new lease may include this, and the expectation will be also that any lease will be granted on a full repairing and insuring basis, with the Landlord to insure the building and the tenant to pay their share of the premium. Situated overlooking Pyle Street, opposite the rear entrance of B&M, and amongst a variety of local independent traders, and just a few steps from the popular St. James Square, the property is extremely convenient for all town facilities and benefits from excellent year-round footfall. Newport itself remains the County Town and administrative centre for the Island, with a wide range of facilities within its boundaries, and a substantial residential catchment area, plus links to all parts of the Island via the main public transport interchange. Just PCs was established some years ago by our client; however, due to health and early retirement requirements, our client has asked us to offer the business on the market, to include all stock, fixtures and fittings. The business occupies a compact modern shop, and should be viewed to be fully appreciated. Further details of the business and shop are as briefly outlined overleaf.

An unusual opportunity to lease first and second floor office accommodation, either floor by floor or in combination within ‘Grays Walk’. First and Second floor offices in the heart of Newport Town Centre – available to rent singly or in combination by way of a new commercial lease or leases, with basic terms by negotiation. However, any lease granted will effectively be on a full repairing and insuring basis, with the Landlord to insure the building and the tenant to pay their share of the premium. The tenant will be liable for their own contents and public liability insurance. The Landlord will reserve the right to exclude the lease from the security provisions of the Landlord & Tenant Act 1954, Part II. A service charge applies – details on application. Rental Guides: First Floor @ £16,000 p.a.x. / Second Floor @ £8,000 p.a.x. / The Whole - £22,000 p.a.x. The accommodation can be taken as a whole, floor by floor, or potentially subdivided further by negotiation. Tenants may also, subject to Landlord’s consent and any appropriate licences, sub-let any surplus space within their own letting demise. Please note that Scotcher & Co have not checked the suitability or serviceability of any fixtures, fittings or equipment, including any heating systems, as it is the responsibility of the ingoing tenant to satisfy themselves in this regard.

An unusual opportunity to lease first and second floor office accommodation, either floor by floor or in combination within ‘Grays Walk’. First and Second floor offices in the heart of Newport Town Centre – available to rent singly or in combination by way of a new commercial lease or leases, with basic terms by negotiation. However, any lease granted will effectively be on a full repairing and insuring basis, with the Landlord to insure the building and the tenant to pay their share of the premium. The tenant will be liable for their own contents and public liability insurance. The Landlord will reserve the right to exclude the lease from the security provisions of the Landlord & Tenant Act 1954, Part II. A service charge applies – details on application. Rental Guides: First Floor @ £16,000 p.a.x. / Second Floor @ £8,000 p.a.x. / The Whole - £22,000 p.a.x. The accommodation can be taken as a whole, floor by floor, or potentially subdivided further by negotiation. Tenants may also, subject to Landlord’s consent and any appropriate licences, sub-let any surplus space within their own letting demise. Please note that Scotcher & Co have not checked the suitability or serviceability of any fixtures, fittings or equipment, including any heating systems, as it is the responsibility of the ingoing tenant to satisfy themselves in this regard.