The property provides accommodation at ground floor level and offers predominantly open retail space with large glazed double shop frontage (4.31m width x 2.54m height) facing onto Caerleon Road.
To the rear of the property is ancillary storage, WC facilities and a kitchenette.
The property benefits from dimplex heaters, laminate/carpeted flooring, security camera system, key operated roller shutters, Cat 2 lighting and a suspended ceiling.
Externally there is a loading bay with access into the rear ancillary storage room, together with two parking spaces.
Planning
We understand that the property benefits from planning consent for A1 Retail as defined in Town and Country Use Class Order 1987.
However, we recommend that interested parties make their own enquiries to the local planning authority.
Location
The City of Newport is located in a prime strategic location close to the border of England and Wales. It benefits from excellent access to the M4 motorway and wider motorway network and provides regular train services to London Paddington. The City has an immediate population of approximately 137,000.
The property is located on Caerleon Road which is main arterial route into Newport City Centre approximately 1 mile to the South West. Surrounding occupiers include Ladbrooks, Boots Pharmacy, Greggs and many more.
On-street parking is available at the front of the property.
Accommodation
Retail Accommodation 52.87 sq m (569 sq ft)
Ancillary Space 10.06 sq m (108 sq ft)
Totals 62.93 sq m (677 sq ft)
Terms
The property is available by way of a new lease on flexible terms.
We are quoting a rent of £15,000 per annum.
The property is also available by way of a freehold sale which is to include a two bedroom flat above, currently achieving £450 pcm rental income. We are quoting £220,000 for freehold interest.
Specification
- Retail Unit To Let / May Sell
- Popular Location on Main Arterial Route
- Rear Access with 2 Car Parking Spaces
- Flexible Lease Terms
- Approximately 62.93 sq m (677 sq ft)
- Quoting Rent of £15,000 per annum, exclusive
- EPC Rating C