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• Newport is the principal commercial and administrative centre for the Isle of Wight.
• The Isle of Wight is one of the UK’s most established coastal tourism destinations, attracting over 2.5 million visitors annually and contributing approximately £300 million to the local economy.
• Newport is the County Town of the Isle of Wight and the Island’s largest town.
• Newport is the principal retail and commercial centre on the Isle of Wight, providing the Island’s most extensive concentration of national multiple retailers alongside a strong independent offer.
• Situated on the northern side of High Street – Newport’s 100% prime retail thoroughfare.
• The property is let entirely to the undoubted covenant of Specsavers Optical Superstores Limited.
• New five-year lease without break, at a re-based rent of £37,500 per annum.
• The property offers scope to add massing to the rear, which would be well suited to a range of alternative uses.
• Freehold.
