Property photos
£30,000 pa
(£9.97/sq. ft. pa)
Retail premises to let
Providence Corner, 37 Pyle Street, Newport, Isle Of Wight PO303,010 sq. ft
Local area information
Property location
Nearby amenities
- Nine Acres Primary School 0.3 miles
- Medina House School (SEN) 0.4 miles
- East Cowes Floating Bridge 4 miles
- West Cowes Floating Bridge 4.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Isle of Wight to find out more about the local area.
Features and description
- Total Net Internal Area - 3,010 sq.ft (279.64 sq.m)
- Currently restaurant/bar. Suitable for leisure or other uses
- Benefits from cooking extraction
- Corner trading position
- Nearby occupiers include, tk Maxx, Barclays Bank, Subway and a range of pubs/restaurants
- New Lease Available (Subject to vacant possession)
Description
Newport is often referred to as the capital of the Isle of Wight and is the commercial and administrative centre serving an island population of around 140,000, boosted further by an estimated 2.36 million annual visitors.
Situated in a highly prominent corner position at the junction of Pyle Street and Town Lane between St Thomas Square and South Street. The premises are situated adjacent to both Subway and Ladbrokes, and close to tk Maxx, Santander, Mountain Warehouse and Sports Direct together with a range of pubs and restaurants.
The accommodation comprises a ground floor sales area currently fitted out for use as a restaurant and bar area. There is a fully trading kitchen at the rear with cooking extraction.
Accommodation
Sales Area - 1,873 sq.ft (173.99 sq.m)
Stores - 481 sq.ft (44.64 sq.m)
Total Net Internal Area - 2,353 sq.ft (218.63 sq.m)
Rating
Rateable Value £29,000
Source The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Terms
Available by way of a new full repairing and insuring lease for a term to be agreed at £30,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
Note: There is to be a service charge levied to cover communal costs
Note: It is understood VAT is payable on rents.
Planning
Under the current permitted use, we believe to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and, office. We also believe there is user permitted for 'Sui Genreis'.
All parties are advised to make their own enquiries to the local authority for confirmation.
EPC Text
Asset Rating - D (94)
Newport is often referred to as the capital of the Isle of Wight and is the commercial and administrative centre serving an island population of around 140,000, boosted further by an estimated 2.36 million annual visitors.
Situated in a highly prominent corner position at the junction of Pyle Street and Town Lane between St Thomas Square and South Street. The premises are situated adjacent to both Subway and Ladbrokes, and close to tk Maxx, Santander, Mountain Warehouse and Sports Direct together with a range of pubs and restaurants.
The accommodation comprises a ground floor sales area currently fitted out for use as a restaurant and bar area. There is a fully trading kitchen at the rear with cooking extraction.
Accommodation
Sales Area - 1,873 sq.ft (173.99 sq.m)
Stores - 481 sq.ft (44.64 sq.m)
Total Net Internal Area - 2,353 sq.ft (218.63 sq.m)
Rating
Rateable Value £29,000
Source The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Terms
Available by way of a new full repairing and insuring lease for a term to be agreed at £30,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
Note: There is to be a service charge levied to cover communal costs
Note: It is understood VAT is payable on rents.
Planning
Under the current permitted use, we believe to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and, office. We also believe there is user permitted for 'Sui Genreis'.
All parties are advised to make their own enquiries to the local authority for confirmation.
EPC Text
Asset Rating - D (94)
More information
Listed by
Primmer Olds BAS
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Primmer Olds BAS. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Primmer Olds BAS for full details and further information.