Retail premises for sale in 116-120 Chepstow Road, Newport NP19
£350,000 (£91.24/sq. ft)
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- Retail Unit to Let/For Sale
- Busy District Shopping Area
- Flexible Lease Terms
- On-street Parking and Pay & Display Nearby
- Approximately 356.37 sq m (3,836 sq ft)
- Quoting Rent of £30,000 Per Annum, Exclusive
- Quoting £350,000, Exclusive for the Freehold
The City of Newport is located in a prime strategic location close to the border of England and Wales. It benefits from excellent access to the M4 motorway and wider motorway network and provides regular train services to London Paddington. The City has an immediate population of approximately 137,000.
The property is located on Chepstow Road approximately 1.5 miles from the city centre, in the busy shopping district of Maindee. Its proximity to the junction with Wharf Road results in a high volume of passing traffic.
The surrounding area provides a mixture of retail and residential occupiers including Barclays Bank, Papa John’s, William Hill and many more.
The property provides a self-contained shop with ancillary office, storage, kitchen and WC’s located at first floor level. The unit benefits from a large, glazed frontage with a central pedestrian door, a mixture of wood laminate and carpet flooring, plastered and painted walls and ceiling mounted lighting.
Externally to the front of the property, free on-street parking is available. There is also a pay and display car park within short walking distance.
Ground floor 289.87 sq m (3,120 sq ft)
First floor 66.50 sq m (716 sq ft)
Total 356.37 sq m (3,836 sq ft)
We understand that the property benefits from planning consent for A1 Retail as defined in Town and Country Use Class Order 1987. However, we recommend that interested parties make their own enquiries to the local planning authority.
Newport City Council:
Tel: Rating assessment
rateable value: £25,000
rates payable: (2019/20) £13,150
The property is available by way of new lease on flexible terms. Quoting rent is £30,000 per annum, exclusive.
Alternatively, the entire property is available to purchase on a freehold basis. This will include the benefit of the rental income from a 2-bedroom flat, totalling c.£6,600 per annum. We are quoting a price of £350,000, exclusive.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by M4 Property Consultants, and do not constitute property particulars. Please contact M4 Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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