3 Commercial Street, Newport, NP20 1HE
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial development for sale
Key features
- Five storey building
- Situated in Newport city centre
- Close to national retailers
- Good investment opportunity
Description
ONLINE AUCTION from 2nd SEPTEMBER-4th SEPTEMBER
An opportunity to acquire a 24 year lease remaining on a substantial period five storey commercial building situated in the heart of Newport city centre. The property previously traded as a well established local jewellers but would be ideal for a number of uses other than the current A2 retail use.
There are also a number of national restaurant chains and retailers confirmed as occupants. The property would be ideal for persons looking for substantial premises for their own business or potentially for an investor looking for a commercial property that may offer scope for rents estimated in the region of £15,000-£18,000 for the full building. The property is alarmed and has an external shutter system with CCTV.
Ground Floor: Retail sales area, office. At the rear of the ground floor is a staircase leading to the basement area
First Floor: 2 office space
Second Floor: Open plan kitchen area with office
Third Floor: Office/storage space, 2 interconnecting rooms
Fourth Floor: WC, storage room
Tenure:
Advised Leasehold we are offering approximately 24 years of an original 99 year lease with a peppercorn ground rent of £1,300 pa. All enquiries should be made with the local authority.
Tenancies:
To be sold with vacant possession
Energy Performance Certificates
EPC 1Brochures
3 Commercial Street, Newport, NP20 1HE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newport (S. Wales) Station0.5 miles
- Pye Corner Station2.1 miles
- Rogerstone Station3.3 miles
Notes
Disclaimer - Property reference 305730. 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 Paul Fosh Commercial, South Wales. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Paul Fosh Commercial, South Wales on 01633 603812.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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