47 Commercial Street, Newport
Newport, NP20 1LP

  • map
Ian Newbury

The Agent

Ian Newbury
Senior Surveyor

02920 346316
Dominic Garner

The Agent

Dominic Garner
Surveyor

02920 346375
Brochure

Download the Brochure

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Specification

  • RETAIL
  • 1,082 sqft (101 sqm)
  • To let
  • £25,000 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.

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.