Property description
LOCATION
The property occupies a very busy corner position in Newport town centre, close to St Thomas Square and on a main pedestrian route from the High Street to Marks & Spencer. Pizza Express is opposite.
DESCRIPTION
The property offers large modern floorspace in Newport town centre, with off street staff parking (numbers tbc) and direct access to the loading bay adjacent. Arranged on ground floor only, the premises comprise the following approximate gross internal areas and dimensions:
Ground floor: 4,570 sq ft (424.36 sq m) incl. small store, and WCs
Internal width 66ft 5ins (20.25m) max
Shop depth 78ft 8ins (23.97m) max
Loading bay clear access height: 2.64m (8ft 8ins)
The property is capable of being divided to form two units fronting Town Lane, of 190sqm and 229sqm respectively. CAD drawings available showing whole and split.
TERMS
The property is available on a new institutional lease / leases at an initial rent of £65,000pa for the whole and £35,000pa for each unit if split.
BUSINESS RATES
We understand the property is assessed as follows:
Rateable value £46,250 as a whole, rates payable £21,180pa (2012-13 multiplier 0.458)
LEGAL COSTS
Each party is to be responsible for its own costs incurred in any transaction
Property Features :
- Large Prominent Retail Unit
- 4,570 sq ft (424.36 sq m)
- Corner Location