Commercial Street, Newport, South Wales, NP20

LOCATION

The property is located on Commercial Street, in the centre of Newport, which itself is situated approximately 15 miles to the east of Cardiff and approximately 30 miles to the west of Bristol. Commercial Street forms part of city's main retailing pitch. Notable nearby occupiers include Sports Direct, Barclays Bank, Card Factory and McDonalds. The M4 is within close proximity at Junction 28.

DESCRIPTION

Ground floor retail/cafe premises.
Prominent location on Commercial Street.
Within walking distance of Newport train station and Friars Walk.
High pedestrian footfall.

ACCOMMODATION

The property has been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition) the property comprises the following (approx.) areas:-

Description sq m sq ft
Ground Floor
Sales Area 93.58 1007
Office 4.98 54
Storage 74.32 800
WC's - -
Basement
Storage 5.40 58
Total Net Internal Area 178.28 1919

TENURE

The property is available by way of a new full repairing and insuring lease on terms to be agreed.

RENT

£20,000.00 per annum exclusive.

BUSINESS RATES

The Valuation Office Agency currently assesses the property for business rates as follows:

Description: Shop and Premises
Rateable Value: £18,000

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 rent but this will be confirmed.

PLANNING

We have not made any enquiries with Newport City Council with regards to the current planning consent, however, we have assumed that the property has planning for A1 (Retail) and A3 (Hot food and drink) use under the Town & Country Planning (Use Classes) Order 1987. Interested parties are advised to make their own enquiries to ensure their proposed use would be permitted.

ENERGY PERFORMANCE CERTIFICATE (EPC)

The property has an EPC certificate rating of D (84).
A copy of the EPC is available from the agents.

VIEWING & FURTHER INFORMATION

Through sole agents Bladen Commercial Property Consultants:-

Julian Bladen MRICS SUBJECT TO CONTRACT
August 2025