The subject property is situated on Commercial Street within the pedestrianised area of Newport city centre within an established retail and leisure location.
Newport City Centre has recently undergone widespread regeneration programmes including the Friars Walk Shopping Centre, The Indoor Market and Central Point.
The property comprises a 4-storey mid-terraced building of traditional brick construction under pitched roof coverings.
Internally, the property has been refurbished to a high specification providing accommodation over 4 floors.
The property comprises the following approximate Net Internal Floor Areas:
|Ground Floor||100.52 sq. m||1,082 sq. ft|
|First Floor||37.72 sq. m||406 sq. ft|
|Second Floor||40.78 sq. m||439 sq. ft|
|Third Floor||31.96 sq. m||344 sq. ft|
|TOTAL||210.98 SQ M||2,271 SQ FT|
The property is available on a new lease for a term to be agreed.
£12,500 per annum exclusive of rates and VAT.
We understand that the property has an A1 planning consent. Interested parties are advised to make their own enquiries to the local authority.
We have been advised that the rateable value is £18,250.