159 Commercial Street, Newport, NP20 1JQ
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Prominent position
- City centre location
- New 3 year lease
Description
ONLINE AUCTION from 16th DECEMBER-18th DECEMBER
An opportunity to acquire a commercial investment located in the heart of Newport city centre, let to the well-established national retailer Waterstones. The property will be occupied under a renewed 3-year lease commencing in September 2025, generating an annual rental income of £15,000. Waterstones have been in continuous occupation since 1999.
The guide price equates to £16.63 per sq ft.
We have been advised by the landlord that the lease is outside the Landlord and Tenant Act 1954.
There is also potential for residential development above the retail unit, subject to obtaining the necessary planning permission.
Waterstones was founded in 1982 and is a leading British bookseller. As of 2024, the company operates approximately 317 bookshops and employs over 3,600 people. A typical Waterstones branch stocks around 30,000 individual books. In addition to its nationwide store network, Waterstones operates a full online bookstore to meet modern e-commerce demand. For the financial year ending 27 April 2024, Waterstones Booksellers Limited reported a turnover of £528.4 million.
Newport city centre is a vibrant mixed-use location, home to major retail and leisure schemes including Friars Walk and the Kingsway Shopping Centre. The surrounding pedestrianised streets generate consistently high footfall, supporting a strong mix of national and independent retailers. The city has benefited from significant regeneration in recent years, evolving from a traditional industrial base into an emerging hub for technology, digital industries, and modern commercial activity.
Measurements
We have been advised that the total area of the premises is 6,013 sq ft. Internal floor plans and detailed measurements will be provided at a later date.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
The property is sold subject to a renewed 3-year lease commencing in September 2025, at a passing rent of £15,000 per annum.
Energy Performance Certificates
EPC 1Brochures
159 Commercial Street, Newport, NP20 1JQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newport (S. Wales) Station0.1 miles
- Pye Corner Station2.0 miles
- Rogerstone Station3.1 miles
Notes
Disclaimer - Property reference 320765. 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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