Summary
| Property Type | Development / Investment / Retail |
| Tenure | For Sale |
| Size | 20,131 sq ft |
| Price | £450,000 (AVAILABLE AS A WHOLE OR IN PARTS) |
| Rates Payable | Upon Enquiry |
- £450,000
- Current Income £27,000 p.a. With one unit vacant.
- City Centre Investment / Development Opportunity - Totaling 20,131 sq. ft.
- Opportunity to convert upper parts to alternative use (STP).
- Adjacent occupiers include Boots, W.H. Smith, Iceland & British Heart Foundation. Close proximity to Friars Walk retail and leisure scheme.
About
The property comprises a terrace of three buildings which are Grade II Listed. Each property provides ground floor retail accommodation with 4 storey front sections which are of traditional load bearing construction with pitched roofs. Each property has been extended at the rear. The rear elements mostly have flat roof coverings. Separate rear access to the back of the properties is via school lane.
Accommodation
| Name | sq ft | sq m | Availability |
| Unit - 157 Commercial Street | 8,490 | 788.75 | Let |
| Unit - 158 Commercial Street | 5,900 | 548.13 | Available |
| Unit - 159 Commercial Street | 5,741 | 533.36 | Let |
| Total | 20,131 | 1,870.24 |
Location
The property is located in a central position on the pedestrianised Commercial Street, close to one of the entrances to Friars Walk Shopping Centre. Occupiers in the nearby vicinity are Boots, W.H. Smith, Iceland, British Heart Foundation, Burger King amongst others. Newport Railway Station is within a 10 minute walk of the unit.
Mainline Stations
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Newport (South Wales)5 mins
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Pye Corner36 mins
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Rogerstone60 mins
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Risca and Pontymister84 mins
Underground Station
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Reading1688 mins
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Twyford1776 mins
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Maidenhead1888 mins
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Taplow1921 mins
Downloads
Download Marketing BrochureFurther Information
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Tenure and Tenancies
Each of the 3 properties are each held on separate freehold titles.
157
The ground floor is occupied by Friars Fruit ltd. The tenant is holding over a lease (excluded from the section 24-28 of the act 1954 landlord and tenant act, which expired in September 2021. The landlord or tenant can break the lease on a 6 weeks notice. The rent payable is £12,000 p.a.
158
Formerly occupied by Poundland. There is an ongoing dilapidation negotiation following the expiry to the Poundland lease in March 2022.
159
Let to Waterstones Booksellers Ltd. (Terms awaited).
Gallery
