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Hunnyhill Aquatics Vicarage Walk 978 SF of Retail Space Available in Newport PO30 5JH
HIGHLIGHTS
- Situated just to the north of the main Town Centre of Newport
- Enclosed yard, suitable for further displays, customer parking and deliveries
- Near neighbours include Sainsbury’s superstore and Towngate Retail Park
- The premises are well-fitted for their current purpose
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 978 SF | Negotiable | $24.56 /SF/YR $2.05 /SF/MO $24,024 /YR $2,002 /MO | Fully Repairing & Insuring |
Ground
A rare and unusual opportunity to acquire this business, specialising in all aspects of aquatic supplies, offering services and deliveries across the Isle of Wight, and long-established in its current location. It is only offered for sale due to our client’s impending retirement plans, and early interest is therefore strongly encouraged. The business is offered on the basis of a new lease, with an appropriate ingoing premium to purchase, with further details and information as briefly outlined overleaf. The business will be sold on the basis of a new lease, effectively on a full repairing and insuring basis, with the Landlord to insure the building(s) and the tenant to pay their share of the premium. Tenants will be responsible for their own contents and public liability insurance. The lease may contain three-yearly upward-only rent reviews, and the Landlord will reserve the right to exclude any lease from the security provisions of the Landlord & Tenant Act 1954, Part II. For the retail premises and yard - £18,000 p.a.x. Rental guide on application in respect of the additional storage facilities, if required. Ingoing premium for the business is £80,000. The business: Hunnyhill Aquatics is a very long-established and popular family-run business, offering services to include aquarium stands and cabinets, pond equipment to include pumps, UV clarifiers and filters, pond liners (either flexible or rigid), aquatic plants both real and artificial, filters, heating and lighting, fish foods for ponds and aquariums in both winter and summer, plus treatments and medications. We believe the business offers an ideal opportunity for a new owner to either continue in the same vein or expand accordingly. Accounts and other details can be discussed and provided, but only to bona fide applicants and their professional advisors, and this may be subject to signature of a confidentiality agreement. The business is offered fully equipped as a going concern, and the fixtures, fittings and equipment will be inventoried on the occasion of a sale. Stock will be sold separately at valuation, and we are advised that this currently averages some £65,000.
- Use Class: E
- Partially Built-Out as Standard Retail Space
- Secure Storage
- Demised WC facilities
- Yard
- Long-established and popular family-run business
- Open retail space at the ground floor
- Loft storage
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 978 SF | Gross Leasable Area | 978 SF |
| Property Type | Retail | Year Built | 1970 |
| Property Subtype | Storefront |
| Total Space Available | 978 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 978 SF |
| Year Built | 1970 |
ABOUT THE PROPERTY
The client also owns a nearby former garage/storeroom, and a further larger detached storage facility, and both may be available to lease if required, subject to appropriate separate negotiation - rental guides on application. The business and property are situated just to the north of the main Town Centre of Newport, which in itself is the County Town and administrative centre for the Island and, as such, is constantly busy. Near neighbours include Sainsbury’s superstore and Towngate Retail Park, which is home to Benson Beds, Snap Fitness and Halfords. The property and business are easily accessed and provide for good communications to the rest of the Island, if required. The business trades from a detached older-style building, comprising retail at the ground floor, with some loft storage over, positioned within a useful enclosed yard, suitable for further displays, customer parking and deliveries etc. The premises are well-fitted for their current purpose, and the attached photographs indicate the level and standard of the accommodation included.
NEARBY MAJOR RETAILERS
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Hunnyhill Aquatics | Vicarage Walk
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