Currenlty listing 1,357 upcoming property auctions in the UK
Pair Of Freehold Town Centre Shops With Planning For Three Residential Flats Over
Address
See address
Auction date
11 Dec 2025
Guide price
£195,000
Type
Commercial
Tenure
Freehold
EPC Rating
C
Status
Ended
Description
This three-storey freehold building is located in the heart of Newport, the county town of the Isle of Wight, in a prime retail area opposite Tesco Express. The property has been adapted from a larger commercial space into two smaller shops, designed to meet modern shopping trends. Both retail units offer a shell condition for final fitting before occupation.
Separate access to the upper floors has been established, and planning has been approved for converting these levels into residential units: a two-bedroom flat on the first floor, and two one-bedroom units with small roof terraces on the second floor. Once completed, the property has the potential to yield a significant rental income when fully occupied.
Prospective buyers may also consider selling the newly created residential units in the local market as an alternative strategy.
Last update: 20 Nov 2025
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