Tredegar Chambers, 67-81 Bridge Street, Newport, NP20 4AQ

The property comprises a substantial period corner premises with five retail units on the ground floor and office accommodation over first, second and third floors. The property is grade II listed.
The accommodation briefly comprises:
76 Bridge Street - Occupied as an estate agency office. The unit is open plan with WC and office accommodation to the first floor. The unit has been fitted out by the tenant with suspend ceiling, painted and plastered walls and a vinyl floor covering.
77 Bridge Street -Currently vacant having previously been occupied by an insurance broker. Comprises open plan retail unit/office with staff kitchen and WC's to the rear.
78 Bridge Street -Occupied by Queens newsagents and comprises a ground floor shop with counter and storage area to the rear.
80 Bridge Street - Currently vacant and laid out as an open plan unit having previously been occupied for a financial services use. It comprises open plan unit with staff kitchen and WC's to the rear.
81 Bridge Street - Corner unit with a dual frontage on to both Bridge Street and Cambrian Road. This unit is currently vacant, but was previously occupied by a travel agents and is currently arranged with a sales area to the front with a series of offices and ancillary staff accommodation and WC's to the rear.
Upper floors - Comprise vacant office space on the first, second and third floor. Each floor is arranged as a series of cellular offices with corridors, stairwells and welfare facilities. Access is via its own independent door off Bridge Street.
There is also an extensive basement area.



Location Highlights




The property is located in Newport's city centre, on the corner of Bridge Street and Cambrian Road within the pedestrianised area of the city.



Specification



The accommodation extends to 1,332.8 sq m (14,436 sq ft).
For full specification details, please speak to one of our agents.



Services and Planning



The property is covered by the Newport City's Local Development Plan 2011-2026 which was adopted in January 2015. Under this Plan, the property falls within the central shopping area and Newport's Conservation Area.
The property falls outside of the designated primary and secondary shopping frontage areas and therefore could be suited to a range of ground floor uses. Both residential and employment uses would be encouraged for the vacant upper floors.
Under Newport City Centre Masterplan, the property is located within the Northern Gateway. Proposals for this area of the city include improving connectivity from the railway station to the main retail areas of the city along with rejuvenating and reusing key assets to regenerate this location.
The property is grade II listed
Interested parties are to rely on their own planning investigations.



Viewing



By appointment only with the sole agents Avison Young.

Key Features

- Substantial freehold property in a prominent city centre location fronting both Bridge Street and Cambrian Road

- Comprises five ground floor retail units (two currently occupied) with three floors of vacant office accommodation above

- Redevelopment potential to convert the upper floors to a residential / alternative use (subject to planning)

- Nearby occupiers include NatWest, HSBC, Tesco Express, McDonalds and a Travelodge Hotel

- Close proximity to High Street which has recently benefited from a multi-million pound refurbishment programme

- The accommodation extends to circa 1,332.8 sq m (14,346 sq ft)

- Passing rent of £XXX p.a. with potential to increase in the short term through the letting of the vacant retail units.

- Asset management and redevelopment opportunities

- Offers in the order of £XXXmillion are invited for the freehold interest.


( Agency Pilot Software ref: 112162 )