Retail premises for sale in 124 Chepstow Road, Newport NP19

POA
Retail premises for sale 685 sq. ft*
Interested in this property? Call +44 1633 371863 * or Request Details

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Property features

  • Retail Unit to Let (May Sell)
  • Busy District Shopping Area
  • Qualifies for Small Business Rates Relief
  • Approximately 63.6 sq m (685 sq ft)
  • Quoting Rent of £12,000 Per Annum, Exclusive

Property description

Location


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.


Description


The property provides a ground floor shop of regular size, with additional storage rooms, kitchen and WC.

The property benefits from glazed frontage, a mix of laminate and vinyl flooring throughout, wall mounted power sockets and suspended ceiling with recessed lighting. In addition, the property benefits from a WC and kitchen.


Accommodation


Ground Floor Retail 46.64 sq m (502 sq ft)
Ground Floor Storage 17 sq m (183 sq ft)
Total 63.6 sq m (685 sq ft)


Planning


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.


Local authority


Newport City Council:

Tel: Rating assessment
rateable value: £7,600
rates payable: (2019/20) £3,998 pa*

* Some occupiers may qualify for ‘small business relief’ which will provide exemption from paying any business rates. Interested parties should contact the business rates department at Newport City Council for more information.


Tenure


The property is available by way of a new lease on flexible terms. We are quoting a rent of £12,000 per annum, exclusive. Alternatively, our client will consider selling the property on a freehold basis. Price on Application.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
M4 Property Consultants, NP19 on +44 1633 371863 * (local rate)

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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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