Newport Road, Caldicot, Monmouthshire

LOCATION

Caldicot is a historic market town in South Wales strategically located just outside Chepstow providing easy access to the M4/M48. The unit occupies a prominent location on a busy pedestrian precinct with nearby retailers including Aldi, Dominos, Betfred, Card Factory, and Greggs.

DESCRIPTION

 26 Newport Road let to OneStop Stores Limited.
 24 Newport Road let to a nursery operator.
 Current passing rent £36,394.45 PA exclusive.
 Potential to convert the upper floors to residential use subject to
Planning and vacant possession.

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 (24 Newport Road) sq m sq ft

Ground Floor
Sales/Office 38.00 409
Rear Office 8.12 87
Kitchenette 7.10 76
WC

First Floor
Office 1 15.92 171
Office 2 12.28 132
Total Net Internal Area 81.42 877

Description (26 Newport Road) sq m sq ft

Ground Floor
Sales 70.14 755
Storage 32.98 355

First Floor
Storage 76.55 824

Total Net Internal Area 179.67 1934

TENURE

The property is available freehold. The property is subject to the following occupational leases summarised below:

24 Newport Road:
Let to two individuals by way of a 10 year lease expiring 11 February 2031. The premises is currently used as a nursery school. The Tenant did not implement their break clause in February 2023 and the RPI rent review in 2026 has been implemented. The current passing rent is £16,594.45.

26 Newport Road:
Let to One Stop Stores Limited for a term of 6 years commencing 17 February 2026 at an annual rent of £19,800.00 per annum exclusive. There is an open market rent review at the end of Year 5, along with tenant only break clauses at the end of Years 1/2/3 and 5. The lease is within the Security of Tenure provisions of the Landlord and Tenant act 1954.

SALE PRICE

Offers in the region of £400,000.00 (Four hundred thousand pounds) exclusive for both premises as a whole.

A purchase at this price reflects a net initial yield of 8.77% after deducting purchasers costs at 3.74%.

Our client will consider offers for 24 and 26 Newport Road separately:

24 Newport Road (Nursery): £190,000.00 (one hundred and ninety thousand pounds) exclusive, reflecting a net initial yield of 8.48% after deducting purchasers costs at 1.80%.

26 Newport Road (One Stop): £210,000.00 (two hundred and ten thousand pounds) exclusive, reflecting a net initial yield of 9.26% after deducting purchasers costs at 1.80%.

BUSINESS RATES/COUNCIL TAX

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

24 Newport Road:
Rateable Value (1st April 2026): £10,000

26 Newport Road:
Rateable Value (1st April 2026): £18,000

Interested parties are advised to make their own enquiries with Monmouthshire County 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 sale price but this will be confirmed.

PLANNING

We have not made any enquiries with Monmouthshire County Council with regards to the current planning consent, however, we have assumed that 26 Newport Road has planning for A1 (Retail) and 24 Newport Road has planning for D1 (Non Residential Institutions) 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)

24 Newport Road (Nursery): D (77)
26 Newport Road (One Stop): C (56)

A copy of the EPC certificates is available from the agents.

VIEWING & FURTHER INFORMATION

Through sole agents Bladen Commercial Property Consultants:-

Kieran Bladen SUBJECT TO CONTRACT
August 2026