Chepstow Road, Newport, South Wales, NP19

LOCATION

The property is located in Newport, which is situated approximately 15 miles to the east of Cardiff and approximately 30 miles to the west of Bristol. Chepstow Road (A48) is a major route through Newport linking the city centre with The Coldra to the east with direct access to the M4 and A449.

DESCRIPTION

Mid-terrace retail premises with rear offices and first floor offices.
Deceptively large floor area.
Prominent visual location on Chepstow Road
Air conditioning installed.
Potential for First Floor Self Contained Flat

ACCOMMODATION

Measured in accordance with the RICS Code of Measuring Practice (Sixth Edition), comprising the following approximate areas:-

Description sq m sq ft
Sales 29.99 323
Rear Office 10.04 108
First Floor 40.03 431
Rear Ground Floor Office 18.19 196
Rear First Floor Office 20.08 216
TOTAL NET INTERNAL AREA 123.07 1,325

TENURE

The property is available freehold with vacant possession. Alternatively the property is available To Let as a whole for a term of years to be agreed.

Price

The freehold interest is available for £240,000 subject to contract.

Rent is £18,000 per annum exclusive (£1500.00 per calendar month).

BUSINESS RATES

The Valuation Office Agency website states the premises are currently entered into the rating list as follows:-

Description: Shop & Premises
Rateable Value: £9,000

Interested parties are advised to make their own enquiries with Newport City Council to ascertain the exact rates payable.

COSTS

Each party to bear their own legal costs incurred in the transaction.

VAT

All prices are quoted exclusive of VAT whether or not chargeable. We do not believe VAT is chargeable on the purchase price.

PLANNING

The premises has planning consent for A1 (Retail) and A2 (Financial and Professional Services) use under the Town & Country Planning (Use Classes) Order 1987. It may be possible that alternative uses may be possible subject to planning.

ENERGY PERFORMANCE CERTIFICATE (EPC)

A new EPC has been commissioned and will be available shortly.

VIEWING & FURTHER INFORMATION

Through sole agents Bladen Commercial Property Consultants:-

Julian Bladen



SUBJECT TO CONTRACT
June 2022