Landmark Freehold Town Centre Commercial Investment

Occupying a prominent position overlooking St. Thomas Square in the centre of Newport, the Isle of Wight's County town, Gods Providence House is one of the Isle of Wight's oldest and best known food establishments. The freehold property is arranged over three floors which includes a residential flat on the top floor, although this space is currently utilised as storage by the commercial tenant. The property is let under the terms of a five-year commercial lease and is considered ideal for addition to an income producing investment portfolio. Ground Floor Customer seating area, gift shop/reception, commercial kitchen and ancillary space. First Floor Additional customer seating, office, staff room and customer cloakroom with W.C. Second Floor Living room, kitchen, two bedrooms and bathroom with W.C. Auctioneer’s Note Prospective purchasers should rely on their own enquiries in respect of the planning status of the former residential flat. Tenancy Let under the terms of a five-year commercial lease from 17th December 2023 at a current rental of £28,000 per annum, exclusive of VAT. EPC Rating D (78). Total Floor Area 319 sq.m.