An unusual leasehold opportunity to acquire this very long-established retail business and shop with two converted residential units over to provide additional income

Businesses, Newport, Retail

Location – NEWPORT
Space: 660ft² (61.36m²) net sales
This is an unusual opportunity to take over a long-established retail business on a leasehold basis, coupled with income-producing flats over. Situated just off St. James Square, in an area noted for independent traders and some residential units, ‘Easy Weigh’ is quite possibly one of the longest-established and best-respected independent businesses in the town, and is only available now due to our client’s retirement plans. Newport itself is the County Town and administrative centre for the Island and, as such, is constantly busy, and with its variety of commercial and residential occupiers the town is generally considered the commercial hub for the Isle of Wight. The business is profitable, and turnover and accounts can be discussed with bona fide applicants and/or their professional advisors, but may be subject to signature of a confidentiality agreement. The sale includes the benefit of all existing fixtures, fittings and equipment, which will be inventoried on the occasion of a transaction.