Retail premises to let in 164 Commercial Street, Newport, Newport NP20

£25,000 pa (£8.36/sq. ft. pa)
Retail premises to let 2,989 sq. ft*
Interested in this property? Call +44 29 2227 9254 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Quoting rent £25,000 pax
  • The property is located within a 100% prime position on the pedestrianised Commercial Street close to the main entrance into the newly built Friars Wa
  • The property is a four storey building over ground and three upper floors. Access is provided directly from Commercial Street.
  • Ground floor sales 227.68 sq.m 2,989 sq ft First floor sales 249.63 sq.m 2,687 sq ft Second floor storage 61.13 sq.m 658 sq ft Third floor storage

Property description

The property is located within a 100% prime position on the pedestrianised Commercial Street close to the main entrance into the newly built Friars Walk Shopping Centre. Adjacent occupiers are Iceland and Wildings Department Store. Other occupiers in the immediate vicinity include Costa Coffee, Boots, Halifax, cex, The Works, Waterstones and W H Smith.


Description


The property is a four storey building over ground and three upper floors. Access is provided directly from Commercial Street, whilst rear delivery access is provided from Stow Hill into the rear of the first floor. The ground floor is well configured with a sales area to the first floor.


Terms


The property is available to let on the basis of a new 10 year lease via full repairing and insuring terms subject to 5 yearly upwards only reviews. Incentives available subject to other lease terms.

Quoting rent £25,000 pax


Rateable value


The 2017 Rateable Value for the property is:-

Rateable value: £42,000

Rates payable: £22,092

Interested parties are encouraged to make their own enquiries with the Local Rating Authority.


VAT


VAT is payable to the rent.


EPC rating


D-99


Accommodation


The property provides the following approximate areas and dimensions:-

Gross frontage 9.4m 31 ft 00 ins

Net frontage 8.0m 26 ft o4 ins

Built depth 34.8m 114 ft 03 ins

Ground floor sales 227.68 sq.m 2,989 sq ft

First floor sales 249.63 sq.m 2,687 sq ft

Second floor storage 61.13 sq.m 658 sq ft

Third floor storage 60.29 sq.m 649 sq ft


W/C

planning


We understand that the property benefits from A1 planning consent although other uses will be considered subject to the tenant obtaining all necessary planning permission.


Legal costs


Each party to bear its own costs in dealing with this transaction.

Property info

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

Arrange Viewing

For more information about this property, please contact
Cooke and Arkwright, CF10 on +44 29 2227 9254 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cooke and Arkwright, and do not constitute property particulars. Please contact Cooke and Arkwright 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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