Retail premises for sale in Llanarth Street, 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 at the heart of Newport City Centre very close
to Friars Walk and Kingsway Shopping Centres. Surrounding
occupiers include Taco Bell, M&S, Principality Building Society, Coffee No 1 and many more.

Description

The property is a multi-storey building providing a fish and chip shop
/ restaurant with ancillary accommodation at basement level and on
upper floors.

The shop front has large windows fronting onto Llanarth Street. To the
front of the ground floor is the cooking and serving area. To the rear
of the ground floor is the restaurant area, providing seating for 35- 40
covers, together with WC.

The basement provides storage and food preparation areas and
benefits from rear access.

The upper floors are currently used for storage but were used many
years ago as residential accommodation and there is the possibility
that the this could be done again. There is, we believe, also potential
for further redevelopment to create more space.

To the rear of the property there is space for 2 cars to park.

Accommodation

Basement Not measured
Ground Floor 74.72 sq m (804 sq ft)
First Floor 44.33 sq m (477 sq ft)
Second Floor 44.30 sq m (477 sq ft)
Total 163.35 sq m (1,758 sq ft)

Planning

We understand that the property benefits from planning consent for
retail use. However, we recommend that interested parties make their
own enquiries to the local authority.

Local authority

Newport City Council:
Tel: Rating assessment
rateable value: £11,750
rates payable: £6,604*
For 2024-25, discount is available for retail, leisure and hospitality
businesses within Newport City Centre through both wag and ncc.
The discount can result in up to 65% reduction in the business rates
payable suggested above.

Energy performance certificate.
An EPC has been ordered and will be available shortly.

Tenure

The property is available to purchase with vacant possession at a
quoting price of £400,000 exclusive.
Alternatively, if a purchaser is interested in buying the business also, this is available by way of negotiation.