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Commercial Property for sale

143 High Street

Removed £280,000

Property Description

Full description

Tenure: Freehold

Situated on the lower end of Newport High Street neighbouring properties and businesses include Hose Rhodes Dickson, Island Treats, Swinton Insurance, Age Concern and the Medical Eye Centre.

Offered for sale freehold is this 3 storey building with the benefit of vacant possession.

The ground floor offers approximately 159.3 sq m (1715 sq ft) of total space.

The first and second floors offer approximately 124 sq m (1337 sq ft) NIA.

The ground floor was previously let on a 20 year lease from April 2013 at a rent of £20,000, with rent reviews every 3 years. The landlord is currently seeking a tenant for this space.

The first and second floor office space we previously let at a rent of £9000 per annum.

The whole building has recently benefitted from extensive refurbishment and redecorating works within the last 5 years.

Our clients are asking for offers in the region of £280,000 for this freehold property.

Rateable value for the ground floor shows £20,000. Rates payable approximately £9,420 per annum.
Rateable value for the first and second floor shows £5,900. Rates payable approximately £2,778.90 per annum

All viewings to be arranged via HRD Commercial. Please contact 01983 527727.

More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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