Unit 9, , 389-431 Malpas Road, Newport
Newport, NP20 6WB

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Ben Davies

The Agent

Ben Davies
Associate

02920 346311
Brochure

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Specification

  • RETAIL
  • 3,802 sqft (353 sqm)
  • To let
  • POA

Description

The purpose built shopping parade is located approximately 1 mile north of the M4 accessed directly from the north bound A4042 with Cwmbran being approximately 4 miles to the north and Newport City Centre being approximately 2 miles to the south. The immediate area is densely populated and occupiers also on the shopping parade include Tesco Express, Subway, Greggs, Ladbrokes and Dominos.

DESCRIPTION

The property comprises ground floor sales with excellent access for deliveries at the rear of the premises. There are 67 car parking spaces on site.

TERMS

The unit is available on the basis of a new lease for a term to be agreed with five yearly upward only rent reviews.

Quoting rent Upon Application.

SERVICE CHARGE

A service charge is applicable. Details available upon request.

RATEABLE VALUE

The 2017 Rateable Value for the property is:

Rateable value £55,500
Rates payable 2020/21 £29,193

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

ACCOMMODATION

The property provides the following approximate areas and
dimensions:-

Ground floor sales 3,802 sq.ft. (353.22 sq.m)

PLANNING

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

VAT

VAT will be payable to the rent.

EPC RATING

The property has an EPC rating of C - 66

LEGAL COSTS

Each party to be responsible for their own legal costs on 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.

Cooke & Arkwright have provided independent property consultancy services to the College for a number of years. This advice has included property valuations and negotiation around property acquisition and disposal, rent reviews and the preparation and negotiation of the College’s farm business tenancy agreement. The College has consistently received an excellent and professional service from Cooke & Arkwright and their valuable support to the College is recognised and appreciated.

Bob Bates, Director, Coleg Gwent