DescriptionThe property comprises a substantial city-centre hotel occupying the extensively refurbished Chartist Tower, an iconic Newport landmark originally constructed in 1966 as an office building and subsequently redeveloped into a modern hotel opening in May 2022.
Accommodation is provided in 135 well-appointed guest bedrooms arranged over the upper floors, offering extensive views across Newport, the River Usk, and the surrounding area.
LocationNewport is one of South Wales’ principal commercial centres, strategically located between Cardiff and Bristol. The city benefits from excellent road and rail connectivity via the M4 corridor and serves a substantial catchment, including the government, technology, manufacturing, professional services, and logistics sectors.
The hotel occupies a highly prominent city centre position within the renowned Chartist Tower on Upper Dock Street. Newport railway station is approximately a seven-minute walk away, whilst the Friars Walk retail and leisure destination, the River Usk waterfront, and the city’s commercial core are all within proximity.
Internal DetailsThe Property provides a total of 40,105 sq ft of commercial space, arranged on ground, first and second floors of Chartist Tower. Ground floor - retail accommodation extending to 17,639 sq ft arranged to Commercial St, Austin Friars and Upper Dock St elevations.
INTERNAL LAYOUT:
• Lower Ground Floor (Parking for 42 cars, retail units)
• Ground Floor (Reception, meeting rooms, retail units)
• First and Second Floors (Offices)
• Third Floor (Restaurant, banqueting room and gym)
• Floors Four to Sixteen (Hotel bedroom accommodation)
Trading InformationThe hotel benefits from a diverse income mix generated from accommodation, food and beverage operations, meetings and events, and ancillary revenues. This is a rare opportunity to acquire a prominent branded hotel located within one of Newport’s most recognisable buildings, benefiting from strong trading fundamentals, excellent transport connectivity, and significant city-centre regeneration.
Additional information including trading, tenancy schedule and all other relevant information can be found in the data room subsequent to acceptance of the NDA:
