LOCATION
The property is on Griffin Street, located between High Street and Upper Dock Street. The new Friars Walk development is in close proximity providing in excess of 390,000 sq ft of retail and leisure space, home to many national retailers including Debenhams, Cineworld and Next.
Surrounding occupiers are a mixture of office, retail and leisure uses
with occupiers including Newport Indoor Market, Tiny Rebel, Subway, McDonalds and many more. All the amenities of the city centre are available within walking distance.
The property provides a three storey, mid terrace, mixed use building in the heart of Newport city centre.
The ground floor provides a former pub but could be used for several different uses, subject to the appropriate planning permission. The accommodation provides a regular shape, open plan bar area with male & female WC's, kitchen and storage/ barrel room.
The first floor provides a 2 bedroom flat, currently let at £450 per calendar month. The second floor also provides a 2 bedroom flat and this is currently let at £380 per calendar month. The flats are accessed independently from the ground floor unit.
ACCOMMODATION
Ground Floor 66.79 sq m (719 sq ft)
First Floor 2 bedroom flat
Second Floor Offices 2 bedroom flat
TENURE
The entire property is available to purchase on a freehold basis. This will include the benefit of the rental income from the 2 flats, totaling £9,960 per annum. We are quoting a price of £199,950.
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Property Documents
The Griffin, Newport, NP20 1GL 2019
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Listed Features
- General Retail
- Multiple floors
- High Street
- Kitchen
- Open Plan
- Office
- Outdoor Space
- Storage
