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147/148 Commercial Street, Newport, NP20 1LN

  • Auction
  • Lot 33
  • United Kingdom
  • Retail
  • Commercial

*GUIDE PRICE £125,000

Property Summary

  • On the instructions of the LPA Receiver
  • Virtual freehold city centre retail premises
  • Pedestrianised retail thoroughfare
  • Approximately 420.13 sq m (4,522 sq ft)
  • Alternative use potential (subject to consents)
  • Vacant possession

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Natalie Bromley
Vendor's Solicitor

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Natalie Bromley
Vendor's Solicitor

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Description

A mid terraced building of traditional construction arranged over ground and first floors. The ground floor provides retail accommodation with further retail and ancillary accommodation (including a staff kitchen) at first floor level. There is no access to the second floor, which has been voided. The building may lend itself to alternative uses, subject to obtaining the necessary consents.

Location

Newport is the third largest city in Wales and lies about 13 miles east of Cardiff and 30 miles north west of Bristol. The town lies to the south of the M4 motorway, from which it can be accessed via junctions 24, 25 and 25A via the B4237, B4596 and A4042. Newport railway station provides regional rail services as well as direct links to London Paddington.

Commercial Street in one of the principal shopping thoroughfares in the city centre offering a wide selection of shopping outlets as well as cafes, bars and restaurants. The property lies on the west side of the street in the pedestrianised zone near its junction with Llanarth Street. Nearby occupiers include Superdrug, TSB, Lloyds Bank, Greggs, Caffe Nero and Primark.

Planning

Newport City Council (01633 656656) www.newport.gov.uk

Tenure

Long leasehold for a term of 999 years from 25 March 2004 at a peppercorn ground rent

Property Table

FloorAccommodationTenancy 
TOTAL420.13 sq m (4,522 sq ft)  
Ground
First
Second
Retail/ancillary 233.01 sq m (2,508 sq ft)
Retail/ancillary 180.13 sq m (1,939 sq ft)
Voided (not inspected)

The floor areas exclude the second floor and have been provided by the vendor

 

VAT

Please refer to Legal Documents

Buyer's Fee

A Buyer's Fee of £10 (inclusive of VAT) is applicable to the successful purchaser of this lot. If you have not made the successful bid for the property, the Buyer's Fee will be refunded to you.

EPC Details

Rating 78 Band D

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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