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High Street, Caerleon, Newport, NP18

Offers in Excess of
£150,000

Business rates & charges may apply

David James, Magor
SIZE

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SECTOR

High street retail property for sale

Key features

  • Retail unit
  • Popular town centre location
  • Basement storage
  • Parking nearby
  • Available January 2022
  • Potential for alternative uses (STP)

Description

Ground floor retail unit extending to approximately 570ft2 with ancillary basement storage all set in a prime High Street position within the popular town of Caerleon

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DESCRIPTION A ground floor, mid terrace retail unit set within a Grade II Listed property in the popular town of Caerleon. The unit extends to approximately 570ft2 of retail space with large window frontage onto the High Street and comprises main retail area with counter to the front with further retail areas leading to a toilet and kitchen set to the rear of the unit. A large basement extending to approximately 375ft2 provides further storage space. The unit has been a popular gift shop for many years and is well positioned for retail use being within walking distance of many other local services and tourist attractions including roman amphitheatre, barracks, baths and museum. The unit has potential for alternative uses subject to obtaining the relevant planning consents. SITUATION The unit is located within the heart of the popular town of Caerleon just 5 miles from the city of Newport. Locally, Caerleon provides a range of pubs, restaurants, post office, village bakery (truncated)

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OUTSIDE The unit has direct access onto the High Street and is neighboured by the Ffwrrwm arts and crafts centre providing a range of gift shops, galleries and café. The High Street also provides a range of local shops, coffee shops, pubs and post office. OPPORTUNITY The property is available by way of a new lease to be written under the statute of the Landlord and Tenant Act 1954 excluding the renewal provisions contained within s24 to s28 of the same. Ideally the Tenancy term will be for at least 3 years with the opportunity of a Break Clause, if desired. The lease will be an Internal Repairing and Insuring Lease, with landlord responsible for external repairs and the structural insurance of which the premium will be recoverable from the Tenant. The Tenant will be responsible for internal repairs and insurance along with all outgoings including water, electric and business rates. The long leasehold of the ground floor retail unit is also available with approximately 70 (truncated)

Brochures

High Street, Caerleon, Newport, NP18

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newport (S. Wales) Station2.5 miles
  • Pye Corner Station4.3 miles
  • Cwmbran Station4.3 miles

About David James, Magor

Court Barn, West End, Magor, Monmouthshire, NP26 3HT

David James act in the sale, letting and valuation of all types of commercial property including offices, workshop, retail and storage premises. Historically, acting in the management of rural business lets, our service has expanded to manage investment portfolios, urban and high street properties for our retained clients, advising on lease renewal and end of tenancy matters and ensuring rent collections.

Notes

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Disclaimer - Property reference MAG210025. 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 David James, Magor. 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.