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NP20 1LP

Retail for rent

POA
1,082Sq Ft
Space
POA
Per annum

Description

The recently renovated property is located on the pedestrianised section of Commercial Street, Newport which is the historical main retailing pitch of Newport City Centre. The Friars Walk and Kingsway Centre are located a short walk from the unit and offer a mix of retail and leisure occupiers. Adjacent to the unit are Game and Deichmann with other significant occupiers in the vicinity being Primark, Lloyds Bank, Greggs and Cafe Nero.

DESCRIPTION

The unit offers a part fitted unit with sales area over the ground and first floor. The second floor offers a food preparation area and ancillary staff services. The property benefits from 3 phase electricity. This is an ideal opportunity for a start up enterprise.

TERMS

The premises is available by way of a new lease on effectively full repairing and insuring terms for a term to be agreed at a quoting rent of:

Quoting rent £25,000 pax

RATEABLE VALUE

The 2017 Rateable Value for the property is:

Rateable value £18,250

Rates payable £ 9,386

Interested parties are encouraged to make their own enquiries with the Local Rating Authority.

VAT

The property has been elected for VAT and therefore VAT is payable to the rent.

ACCOMMODATION

Net Frontage 4.43m 14 ft 06 ins

Internal Width 4.96m 16 ft 03 ins

Shop Depth 22.59m 74 ft 01 ins

Ground Floor Sales 100.52 sq.m 1,082 sq ft

First Floor Anc 37.72 sq.m 406 sq ft

Second Floor Anc 40.78 sq m 439 sq ft

Third Floor Anc 31.96 sq m 344 sq ft

Basement

PLANNING

Our enquiries with the local planning authority indicate that the property has the benefit of planning permission for Class A3 Use.

EPC RATING

98 - D

LEGAL COSTS

Each Party to bear their own legal costs in dealing with this transaction.

Listed Features

  • Multiple floors
  • Refurbished
  • Basement
  • Kitchen
  • Lounge Area
  • Café
  • General Retail
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Marketed by
Cooke & Arkwright