146 Commercial Street, Newport
Newport, NP20 1LN

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Ian Newbury

The Agent

Ian Newbury
Surveyor

02920 346316
Huw Thomas

The Agent

Huw Thomas
Director

02920 346312
Brochure

Download the Brochure

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Specification

  • RETAIL
  • 1,072 - 1,252 sqft (100 - 116 sqm)
  • To let
  • From £29,500 per Annum

Description

LOCATION:

The property is located within a good position on the pedestrianised Commercial Street with adjacent occupiers being Superdrug and The Co-operative Travel. with other nearby occupiers including Primark, Greggs, Thomas Cook and Lloyds Bank.

DESCRIPTION:

The property is a four storey building. It Is currently split with the retail sales area on the ground floor and ancillary space on the three uppers.

TERMS:

The property is available to let on the basis of a new lease on full repairing and insuring terms, for a term to be agreed, with upwards only rent reviews at five yearly intervals, at a rent of £29,500 pax.

Quoting rent £29,500 pax

RATEABLE VALUE:

The 2017 draft Rateable Value for the property is:

Rateable value: £21,250
Rates payable: £10,604

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

VAT:

VAT will be payable to the rent.

ACCOMMODATION:

The property provides the following approximate areas and dimensions:-

Internal Width 5.34m 17 ft 06 ins
Shop Depth 19.44m 63 ft 09 ins
Ground Floor Sales 99.59 sq m 1,072 sq ft
First floor ancillary 4.90 sq m 591 sq ft
Second floor ancillary 35.58 sq m 383 sq ft
Third floor ancillary 25.38 sq m 278 sq ft

PLANNING:

The property has been granted an A3 planning consent and therefore consideration will be given to A1, A2 and A3 Occupiers.

LEGAL COSTS:

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

Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.