About this property
Opportunity to purchase a commercial unit in Newport Town Centre.
Situated in Newport High Street neighbouring business include Rutherfords, Poundstretcher and Edinburgh Woollen Mill. This area is popular with both local boutique and multi national traders.
This unit has most recently traded under A1 retail of the Use Classes Order 2005 but would be suitable for a variety of different uses subject to gaining the necessary consents.
The property offers accommodation over 3 floors:
Full display window to the front. Offering approximately 600 sq ft (55 sq m) of ground floor trading space, please note there are three steps in the middle of the unit to access the rear of the ground floor. To the rear is a fitted kitchen and WC. Rear fire access to Pyle Street.
Staircase to first floor.
Landing with separate WC.
Office providing approx. 150 sq ft (13 sq m) overall, with bay window to front.
Two further offices/store rooms providing approx. 280 sq ft (26 sq m) plus landing.
The property offers mains electricity, water and drainage.
Our client is offering the property on a new lease, terms to be negotiated, at an annual rental of £15,000 or a freehold purchase price guide £150,000.
The VOA shows a current rateable value of £13,000. Using the current UBR of 50.4p the rates payable will be circa £6600, not including any applicable small business rates relief.
All viewings to be arranged via HRD Commercial 01983 527727 or the joint agent Scotcher & Co. 01983 822288.