175 Commercial Street, Newport, Newport
Newport, NP20 1JN

  • map
Ben Davies

The Agent

Ben Davies
Associate Director

02920 346311
Ella Jefferies

The Agent

Ella Jefferies
Surveyor

02920 346316
Brochure

Download the Brochure

Download

Specification

  • RETAIL
  • 957 sqft (89 sqm)
  • To let
  • £25,000 per Annum

Description

The property is located in a prime position on the pedestrianised Commercial Street, close to one of the entrances to Friars Walk Shopping Centre. Occupiers in the nearby vicinity are Sports Direct, Card Factory, Barclays Bank and The Works.

DESCRIPTION
The premises comprises two storeys over ground and first floor. Access is provided directly from Commercial Street. The ground floor is well configured. Access to the rear is provided via Stow Hill.

TERMS
The property is available to let on the basis of a new lease via effective full repairing and insuring terms.

Quoting rent £25,000 pax

RATEABLE VALUE
The 2017 Rateable Value for the property is:-
Rateable value: £15,000
Rates payable: £ 7,935
Interested parties are encouraged to make their own enquiries with the Local Rating Authority.

VAT
VAT will be payable in addition to the rent.

EPC RATING
F - 129

ACCOMMODATION
The property comprises of the following approximate areas and dimensions:

Gross Frontage 5.13 m 16 ft 10 ins
Net Frontage 4.41 m 14 ft 06 ins
Shop Depth/Built Depth 20.56 m 67 ft 05 ins
Shop Width 4.64 m 15 ft 03 ins
Ground Floor Sales 88.92 sq m 957 sq ft
Ground Floor Stores 21.19 sq m 228 sq ft
First Floor Ancillary 48.93 sq m 527 sq ft

PLANNING
We understand that the property benefits from A1 use however other uses will be considered subject to the tenant obtaining all necessary planning consents.

LEGAL COSTS
Each party to bear its own costs

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.

The disposal of 120,000 square feet on the Heads of the Valleys Industrial Estate was a particularly satisfying task. The building had been rebuilt following fire damage, and Jeremy Symons and his team were successful in identifying a nearby purchaser looking to expand. The sale price, at £4,000,000, represented a record sale price for a property of this nature in the area, and with great tenacity and endeavour was completed in a timely fashion. An excellent result.

Richard Hayward, Richard Hayward Properties