- 1,222 sqft (114 sqm)
- To let
- £20,000 per Annum
Located just a short distance from the M4 and Newport City Centre, Cardiff Road dissects the residential suburbs of Gaer and Maes-Y-Glas. It is also one of a number of commuter roads into the city centre and therefore benefits from good passing trade. Other occupiers in the vicinity include Johnson’s Cleaners, Papa Johns, Lextan, Vets4Pets, Subway and Betfred. There is a Tesco Superstore located directly opposite.
The premises forms part of an established, single storey roadside parade. The building is of a red brick construction with a partially slated Mansard roof. Available is a ground floor retail unit that has a service corridor to the rear. The parade benefits from car parking for approximately 35 vehicles.
The premises is available by way of an assignment or subletting. The premises is occupied via a 10 year internal repairing and insuring lease subject to a service charge. The lease began on 24 September 2018 and is subject to a 5th year rent review and a tenant only break clause on 24 September 2023. The lease is due to expire on 23 September 2028.
Current Rent being paid 20,000 pax
The 2017 Rateable Value for the property is:-
Rateable value: £20,000
Rates payable: £10,700
Interested parties are encouraged to make their own enquiries with the Local Rating Authority.
The property provides the following approximate areas and
Net Internal Area 113.52 sq m 1,222 sq ft
The property currently benefits from A1 planning use. Other uses will be considered subject to all necessary consents being granted.
The service charge is calculated on a quarterly basis. The annual service charge payable for 2019 amounted to £2,142.09 plus VAT.
B - 44
VAT is payable to the rent.
Each party to bear its own costs incurred in the 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.