Skip to content
Buy
Property for sale New homes for sale Property valuation Investors Mortgages
Rent
Property to rent Student property to rent
Find Agent
Find estate agents
House prices
Sold house prices Instant online valuation
Commercial
Commercial property to rent Commercial property for sale Advertise
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Overseas blog Mortgage guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell Overseas property
UNDER OFFER

157 - 159 Commercial Street, Newport, NP20 1JQ

£450,000

£22.35 per sq ft

Business rates & charges may apply

Cooke & Arkwright Limited, Retail & Leisure
SIZE AVAILABLE

20,131 sq ft

1,870 sq m

SECTOR

High street retail property for sale

Key features

  • £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.

Description

Description
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.

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.

Viewings
By appointment via sole selling agents Cooke & Arkwright.

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).

Brochures

157 - 159 Commercial Street, Newport, NP20 1JQ

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newport (S. Wales) Station0.2 miles
  • Pye Corner Station2.0 miles
  • Rogerstone Station3.1 miles

About Cooke & Arkwright Limited, Retail & Leisure

Windsor Place, Cardiff, CF10 3SX

Cooke & Arkwright is the largest firm of independent commercial property advisors in Wales. With a heritage going back 120 years, we have been a major force in shaping the Welsh commercial and rural property world.

The scale and scope of our business allows us to provide first rate market intelligence and a wide network of contacts, while still being small enough to be innovative and fleet of foot. The Directors who own the firm all live in Wales and ensure that our clients receive a dedicated, director-led service from our talented teams who work to the highest standards of professionalism and integrity. We achieve this by employing and investing in individuals who are not only the best in their fields in Wales, but also genuinely proud of and passionate about their work, the problems they solve for their clients and what they contribute to society.

Based in South Wales with main offices in Cardiff and Bridgend, and a hub office in London, we provide clients with advice on commercial, rural, retail and development properties in Cardiff, all parts of Wales and beyond. We are passionate about property in Wales and our focus is on using our expert and unrivalled market insight in Wales to give our clients the commercial advice they need to help them maximise the potential of their assets, whether they own, rent or develop. We are the local property experts in Wales.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 212162-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Cooke & Arkwright Limited, Retail & Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

Email

Call

Email