55 Commercial Street, Newport
Newport, NP20 1LQ

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Rhodri Walters

The Agent

Rhodri Walters
Surveyor

02920 346316
Ben Davies

The Agent

Ben Davies
Associate

02920 346311
Brochure

Download the Brochure

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Specification

  • RETAIL
  • 902 sqft (84 sqm)
  • To let
  • £14,000 per Annum

Description

LOCATION

Newport City centre is considered the gateway city between Wales and England. Commercial Street is the main retailing street in the city and the subject premises is located in close proximity to the 390,000 sq ft Friars Walk Shopping Centre and the Kingsway Shopping Centre. The shop is adjacent to St Vincent’s and Shaws, with other nearby occupiers including Kaspa’s, Deichmann, Switch E-cig, Bubble and Game.

DESCRIPTION

The property is a five storey building with retailing space on the ground floor and ancillary space located on the first, second and third floors.  There is also a basement. Access is provided direct from Commercial Street and also via the rear loading bay.

TERMS

The property is available on the basis of a new lease for a term to be agreed via full repairing and insuring terms.

Quoting Rent £14,000 pax

RATEABLE VALUE

The 2017 Rateable Value for the property is:
Rateable value £16,500
Rates payable £8,679
Interested parties are encouraged to make their own enquiries with the local rating authority.

VAT

The property is not elected for VAT.

ACCOMMODATION

The property provides the following approximate areas and dimensions:

Gross Frontage 4.52 m 14 ft 09 ins
Net Frontage 3.99 m 13 ft 01 ins
Shop Depth/Built Depth 21.90 m 71 ft 10 ins
Internal Width 4.32 m 14 ft 02 ins
Ground Floor Sales 83.08 sq m 902 sq ft
First Floor Ancillary 31.40 sq m 335 sq ft
Second Floor Ancillary 19.79 sq m 213 sq ft
Third Floor Ancillary 31.59 sq m 340 sq ft
W/C
Basement

EPC RATING

C - 71

LEGAL COSTS

Each party to bear its 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.