Property photos
Freehold
£450,000
(£22.35/sq. ft)
Retail premises for sale
Commercial Street, Newport NP2020,131 sq. ft
Local area information
Property location
Nearby amenities
- St Woolos Primary School 0.2 miles
- Maindee C.P. School 0.3 miles
- Newport (South Wales) 0.3 miles
- Newport (S Wales) Ferry Terminal 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Key Points
£450,000 Current Income £24,000 p.a. City Centre Investment / Development Opportunity Opportunity to convert upper parts to alternative use (STP). Adjacent occupiers include Boots, W.H. Smith, Iceland & British Heart Foundation. Close proximity to Friars Walk retail and leisure scheme.
Description
The property comprises a terrace of three buildings which are Grade II Listed. Each property provides ground floor retail accommodation with 4 storey front sections which are of traditional load bearing construction with pitched roofs. Each property has been extended at the rear. The rear elements mostly have flat roof coverings. Separate rear access to the back of the properties is via school lane.
Location
The property is located in a central position on the pedestrianised Commercial Street, close to one of the entrances to Friars Walk Shopping Centre. Occupiers in the nearby vicinity are Boots, W.H. Smith, Iceland, British Heart Foundation, Burger King amongst others. Newport Railway Station is within a 10 minute walk of the unit.
Viewings
By appointment via sole selling agents Cooke & Arkwright.
Tenure And Tenancies
Each of the 3 properties are each held on separate freehold titles.
157
The ground floor is occupied by Friars Fruit ltd. The tenant is holding over a lease (excluded from the section 24-28 of the act 1954 landlord and tenant act, which expired in September 2021. The landlord or tenant can break the lease on a 6 weeks notice. The rent payable is £12,000 p.a.
158
Formerly occupied by Poundland. There is an ongoing dilapidation negotiation following the expiry to the Poundland lease in March 2022.
159
Let to Waterstones Booksellers Ltd. (Terms awaited).
Description
The property comprises a terrace of three buildings which are Grade II Listed. Each property provides ground floor retail accommodation with 4 storey front sections which are of traditional load bearing construction with pitched roofs. Each property has been extended at the rear. The rear elements mostly have flat roof coverings. Separate rear access to the back of the properties is via school lane.
Location
The property is located in a central position on the pedestrianised Commercial Street, close to one of the entrances to Friars Walk Shopping Centre. Occupiers in the nearby vicinity are Boots, W.H. Smith, Iceland, British Heart Foundation, Burger King amongst others. Newport Railway Station is within a 10 minute walk of the unit.
Viewings
By appointment via sole selling agents Cooke & Arkwright.
Tenure And Tenancies
Each of the 3 properties are each held on separate freehold titles.
157
The ground floor is occupied by Friars Fruit ltd. The tenant is holding over a lease (excluded from the section 24-28 of the act 1954 landlord and tenant act, which expired in September 2021. The landlord or tenant can break the lease on a 6 weeks notice. The rent payable is £12,000 p.a.
158
Formerly occupied by Poundland. There is an ongoing dilapidation negotiation following the expiry to the Poundland lease in March 2022.
159
Let to Waterstones Booksellers Ltd. (Terms awaited).
More information
Listed by
Cooke and Arkwright
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