168 Commercial Street, Newport
Newport, NP20 1JN

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Ben Davies

The Agent

Ben Davies
Associate

02920 346311
Dominic Garner

The Agent

Dominic Garner
Surveyor

02920 346375
Brochure

Download the Brochure

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Specification

  • RETAIL
  • 2,102 - 4,228 sqft (195 - 393 sqm)
  • To let
  • £40,000 per Annum

Description

LOCATION:

The property is located within a 100% prime position on the pedestrianised Commercial Street, close to one of the entrances into the new built Friars Walk Shopping Centre with adjacent occupiers being O2 and WH Smith. Other occupiers within the immediate vicinity include Costa Coffee, BHS, CEX, Boots, The Works, Iceland, Waterstones and Wildings Department Store.

DESCRIPTION:

The property is a three storey building over ground and two upper floors. Access is provided direct from Commercial Street, whilst rear delivery access is provided from School Lane into the rear of the first floor. The ground floor is well configured and is available to let as a ground floor lock-up, or alternatively further storage accommodation is also available if required.

TERMS:

Subject to vacant possession, the property is available on the basis of a new ten year lease via full repairing and insuring terms, subject to a fifth year upwards only rent review . Consideration may be given to selling the property on the basis of a long leasehold interest.

Quoting rent £42,500 pax

RATEABLE VALUE:

The Rateable Value for the property is currently being reviewed therefore interested parties are advised to make their own enquiries with the Valuation Office Agency.

VAT:

VAT is payable to the rent.


ACCOMMODATION:

The property comprises the following approximate areas and
dimensions:-

Gross frontage 9.80m 32 ft 01 ins
Net frontage 9.0m 29 ft 05 ins
Internal width 8.85m 29 ft 00 ins
Shop depth 22.23m 72 ft 08 ins
Built depth 24.9m 81 ft 07 ins
Ground floor-sales 195.18 sq.m 2,101 sq ft
Ground floor-ancillary 8.36 sq.m 90 sq ft
First floor-sales 176.32 sq.m 1,898 sq ft
Second floor-ancillary 208.10 sq.m 2,240 sq ft

EPC RATING:

D-95

LEGAL COSTS:

Each party to bear its 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.