The former Poundstretcher store in Newport, Isle of Wight, is to go up for auction.

The popular High Street shop closed in 2020.

Now, the freehold town centre building at 95 High Street, Newport, is for sale with a guide price of £300,000 to £330,000.

It covers more than 11,000 sq ft over two floors.

It is going up for auction with Clive Emson Auctioneers and Gully Howard.

Rob Marchant, Island auctioneer for Clive Emson, said: “With vacant possession, the property, which has access via a loading bay to Mill Street, recently underwent upgrading and refurbishment and is considered ideal for the next phase of its commercial use with the installation of a new tenant or perhaps for use by an owner occupier.

“Alternatively, it is considered the site may have redevelopment potential, utilising the access onto Mill Street, subject to all necessary consents being obtainable.

“The ground floor, which largely comprises retail space, extends to 7,288 sq ft and includes access via a loading bay to Mill Street to the west of the property.

“The first floor comprises a large warehouse/stock room with additional offices and staff amenity areas, and ladies and gents cloakrooms with WCs.”

The auction ends on June 12, with bidding live from June 10.