38 Commercial Street, Newport
Newport, NP20 1HP

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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
  • 442 - 1,270 sqft (41 - 118 sqm)
  • To let
  • From £14,500 per Annum

Description

LOCATION:

The property is located within a busy section of the pedestrianised Commercial Street, with occupiers nearby including Clinton Cards, TSB Bank, Lloyds Bank, Ramsdens, Superdrug and Boots the Chemist. The
property is located in close proximity to the new 390,000 sq ft Friars Walk Shopping Centre.

DESCRIPTION:

The property is a four storey building over ground, first, second and third floors with access being provided directly from Commercial Street.

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 the 5th year.

Quoting rent £14,500 pax.

RATEABLE VALUE:

The 2017 draft Rateable Value for the property is:

Rateable value £16,500
Rates payable £8,234

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

VAT:

TBC.

ACCOMMODATION:

The property provides the following approximate areas and dimensions:-

Ground floor sales 41.06 sq.m 442 sq ft
Ground floor ancillary 15.61 sq.m 168 sq ft
First floor ancillary 61.32 sq.m 660 sq ft
Second floor ancillary

EPC RATING:

130 - F

LEGAL COSTS:

Each party to be responsible for its own costs incurred in 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.