31 Commercial Street, Newport, Gwent, NP20 1HJ
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Restaurant for sale
Description
ONLINE AUCTION from 16th DECEMBER- 18th DECEMBER 2025
A mid terraced commercial building that is trading as an Italian restaurant and has approximately 2,025 sq ft of accommodation over two floors. The restaurant is let on a 10 year lease and has been refitted by the current tenant.
Newport city centre is a mixed-use area focused on shopping, leisure, and business, with major indoor complexes like Friars Walk and the Kingsway Shopping Centre, surrounded by pedestrianized shopping streets & The city has seen significant investment, transforming it from traditional industries into a hub for tech and digital sectors.
The property occupies 100% prime position in the pedestrianised main retailing area. The adjacent occupier is the Co-op Bank. Other occupiers in close proximity include Boots, Waterstones, Poundland, Sports Direct, Burger King, WHSmith and Iceland. The property benefits from being located between Llanarth Street and Austin Friars. These streets link the new Friars Walk shopping centre with Commercial Street and the city centre. Newport railway station is a short walk away.
VIRTUAL TOUR
Accommodation
| Floor | Area Sq Ft | Area Sq M |
| Ground Floor | 866 | 80.41 |
| Ancillary | 108 | 10.04 |
| Basement | 604 | 56.10 |
| Total | 1,578 | 146.60 |
Tenure:
Advised Leasehold - to be verified by solicitor (999 year lease)
Tenancies:
Tenancies sold subject to a 10 year lease let at £12,000 per annum
Brochures
31 Commercial Street, Newport, Gwent, NP20 1HJ
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 Station3.2 miles
Notes
Disclaimer - Property reference 320149. 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.”
Map data ©OpenStreetMap contributors.