116-120 Chepstow Road, Newport, NP19

LOCATION

The City of Newport is located in a prime strategic location close to the border of England and Wales. It benefits from excellent access to the M4 motorway and wider motorway network and provides regular train services to London Paddington. The City has an immediate population of approximately 137,000.

The property is located on Chepstow Road approximately 1.5 miles from the city centre, in the busy shopping district of Maindee. Its proximity to the junction with Wharf Road results in a high volume of passing traffic.

The surrounding area provides a mixture of retail and residential occupiers including Barclays Bank, Papa John's, William Hill and many more.

The property provides a self-contained shop with ancillary office, storage, kitchen and WC's located at first floor level. The unit benefits from a large, glazed frontage with a central pedestrian door, a mixture of wood laminate and carpet flooring, plastered and painted walls and ceiling mounted lighting.

Externally to the front of the property, free on-street parking is available. There is also a pay and display car park within short walking distance.

ACCOMMODATION

Ground floor 289.87 sq m (3,120 sq ft)

First floor 66.50 sq m (716 sq ft)

Total 356.37 sq m (3,836 sq ft)

TENURE

The property is available by way of new lease on flexible terms. Quoting rent is £30,000 per annum, exclusive.

Alternatively, the entire property is available to purchase on a freehold basis. This will include the benefit of the rental income from a 2-bedroom flat, totalling c.£6,600 per annum. We are quoting a price of £350,000, exclusive.

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Property Documents

116-120 Chepstow Road, Newport, NP198EF

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