Property to let

Broad Street, Newtown SY16

The property comprises a prominent ground floor retail unit with ancillary storage on the first floor, occupying a highly visible position on Broad Street. This serves as Newtown's prime retail location. Extending to approximately 869 sq ft (80.7 sq m), the ground floor offers open-plan retail space with WC and kitchenette facilities, while the upper floor provides useful storage. The property benefits from a return glazed frontage, excellent natural light, and strong pedestrian and passing traffic, the property is well suited to a variety of retail, leisure, or service-based occupiers.

Description

The property comprises a ground floor retail unit with ancillary office/storage accommodation on the first floor, forming part of a prominent three-storey mid-terrace building of traditional construction. The property benefits from a highly visible return glazed frontage onto Newtown High Street.

The ground floor extends to approximately 869 sq ft (80.7 sq m) and provides open-plan retail accommodation with WC and kitchenette facilities. The characterful building enjoys excellent natural light through its large display windows.

The first floor provides useful ancillary storage accommodation, supporting a range of retail and commercial uses.

Externally, the property occupies a prominent position with an attractive shopfront benefiting from strong pedestrian footfall and a high volume of passing traffic, making it an excellent trading location within the town centre.

Overall, the property is well suited to a wide range of retail, leisure, or service-based occupiers seeking a prominent and well-positioned premises in the heart of Newtown.

Location

The property is located fronting onto Broad Street in the town centre of Newtown. The property is prominently located and Broad Street serves as the prime retail location in the town. The property is located within proximity of all local amenities and in proximity of a variety of public car parks. The property is located in close proximity with the junction of Severn Street from Broad Street. Newtown is an established market town and administrative centre with a significant catchment area, which is located approximately 33 miles south west of Shrewsbury and approximately 13 miles west of the town of Welshpool. The town benefits from a new bypass. The town is situated on the River Severn at the junction of the A489 and the A483.

Services

(Not tested at the time of our inspection)
We understand that mains water, electricity and drainage are connected to the two shop units.

Rent

£11,000 per annum (Exclusive)

Vat

The property is understood to be elected for VAT and therefore VAT is payable on the rent.

Rateable Value

Tbc

Tenure

The property is offered to let on a new Tenants Full Repairing and Insuring Lease subject to service charge provisions for a term by negotiation with rent reviews at three yearly intervals.

Legal Costs

Each party to be responsible for their own legal costs in connection with the granting of the lease.

Epc

76D

Local Authority

Powys Council, Powys County Hall, Spa Road East
Llandrindod Wells, Powys, LD1 5LG

Planning

Prospective tenants should rely on their own enquiries.
The property is understood to benefit from planning consent for use class A1 (Retail) of the Town and Country Use Classes Order.

Viewing

Viewings are strictly by appointment and should be arranged through the letting agent.