Retail premises for sale in Commercial Street, Newport NP20
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Property description
Location
The subject properties are situated on Commercial Street within the pedestrianised area of Newport city centre within an established retail and leisure location..
Newport City Centre has recently undergone widespread regeneration programmes including the Friars Walk Shopping Centre, The Indoor Market and Central Point.
Description
152-153 Commercial comprises a Grade II Listed 4-storey end-terraced building of traditional brick construction under pitched roof coverings. The Hub comprises a 2-storey building situated on McCarthy’s Court.
The properties offer substantial redevelopment and investment options and are a rare opportunity to acquire such a substantial land holding in Newport city centre. The property has planning for conversion of part to residential flats.
Accommodation
The properties comprise the following approximate Net and Gross Internal Floor Areas:
152-153 Commercial Street:
Ground Floor 522.09 sq. M 5,620 sq. Ft
First Floor 8,356 sq. M 7,763 sq. Ft
Second Floor 135.81 sq. M 1,462 sq. Ft
Third Floor 138.98 sq. M 1,496 sq. Ft
Basement 213.20 sq. M 2,295 sq. Ft
total 1,731.28 sq M 18,636 sq ft
McCarthy’s Court:
Total 483.99 sq. M 5,210 sq. Ft
Tenure
The property is available freehold, subject to the lease to McCarthy’s Court at £25,000 per annum.
Price
£750,000.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
NP Linnells, NP20 on +44 1633 371454 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by NP Linnells, and do not constitute property particulars. Please contact NP Linnells 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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