Chepstow Road, Newport, NP19
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Investment opportunity
- Excellent transport links
- Prominent roadside location
- Outskirts of Newport City Centre
Description
Description
A prominent end terrace, mixed use property well situated on Chepstow Road on the outskirts of Newport city centre. The property provides two ground floor commercial units with frontage onto Chepstow Road. A further shared access direct from Warwick Road provides a communal hallway and access to both commercial units and the first floor two-bedroom flat.
Situation
The property is well positioned on Chepstow Road and is set directly opposite the popular Beechwood Park. Chepstow Road provides a number of mixed-use properties and retail units and boasts excellent transport links being just 2 miles from Junction 24 of the M4 at the Coldra and 2 miles from the city centre.
Accommodation
Ground Floor 418 Chepstow Road Extending to approximately 450ft2 and currently in use as a beauty salon, the unit provides reception/waiting area with two treatment rooms and ancillary area while benefiting from frontage onto Newport Road. There is a second access to the rear of the unit from the internal shared hallway along with kitchenette and two toilets. 418A Chepstow Road In excess of 365ft2 of commercial workspace having previously been in use as a hairdressers. The unit provides an open plan salon and hair wash area with a separate store / kitchenette area with access to the rear and toilet. The unit is now vacant. First Floor The first floor flat provides a spacious two-bedroom flat which would benefit from modernisation. The flat provides accommodation as follows: Kitchen Bathroom – with WC, electric shower and sink Lounge – with bay window and fireplace Bedroom 1 – double bedroom Bedroom 2 – single bedroom
Outside
The property benefits from an enclosed courtyard in front of the single storey unit.
Rental Income
Information available from the agents David James.
Business Rates & Council Tax
Diva’s Beauty Lounge – Rateable Value - £4,600 First floor flat – Council Tax Band E
Planning
It is understood that the property has been utilised for commercial purposes to the two ground floor units and for residential purposes to the first floor. Prospective purchasers are advised to make their own investigations with the Local Planning Authority.
Tenure
Freehold subject to current lease agreement on the ground floor commercial unit 418 Chepstow Road. Vacant possession on completion on the rear ground floor commercial unit 418A Chepstow Road and the first floor flat. Purchasers are advised to make their own investigations in this regard.
Rights of Way & Easements
The property is sold with any rights, easements or incidents of tenure which affect it.
Services
We understand that the property benefits from a single mains water and drainage supply, individual mains electric connections to each unit and two separate mains gas supplies.
Viewing
Strictly by appointment with David James Tel:
Local Authority
Newport City Council –
Brochures
Chepstow Road, Newport, NP19
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newport (S. Wales) Station1.4 miles
- Pye Corner Station3.3 miles
- Rogerstone Station4.4 miles
David James act in the sale, letting and valuation of all types of commercial property including offices, workshop, retail and storage premises. Historically, acting in the management of rural business lets, our service has expanded to manage investment portfolios, urban and high street properties for our retained clients, advising on lease renewal and end of tenancy matters and ensuring rent collections.
Notes
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