Retail premises for sale in Malpas Road, Newport NP20

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 Malpas Road approximately 1 mile from
the city centre and close to junction 26 of the M4. The area provides
a mixture of housing and retail occupiers, including Dyfed Menswear, Detail Barbers, hairdressers, a Premier convenience store and a
number of hot food takeaways.

Description

The property is a former ground floor convenience store benefiting
from A1 use and provides flexible accommodation with either retail
sales or office (subject to planning) at the front of the property with
further space to the rear including a small store room and WC.

Accommodation

Retail Sales 25.55 sq m (275 sq ft)
Store 5.95 sq m (64 sq ft)
Total 31.50 sq m (339 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: £3,100
rates payable: (2023/24) £1,658.50*
(ubr 0.535)

*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 ground floor shop is available by way of a new lease on flexible
terms. We are quoting a rent of £6,600 per annum, exclusive.
Alternatively, the freehold interest in the whole property, (shop and
first floor flat) is available for sale at quoting price of £130,000.