Leasehold Available In Prominent City Location

The subject property comprises a ground floor banking hall with rear ancillary offices, staff room, strong room and WC facilities.  The banking hall benefits from a long return frontage, externally at the rear there is a large car park which can comfortably accommodate six vehicles. Tenure The premises are held on a lease expiring 30 July 2027.  There is an option to break on 30 July 2022. Rent The current passing rent is £14,500 per annum. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £18,000.00.  Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
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Location Description

The City of Newport is strategically located at The Gateway between England and Wales approximately 10 miles east of Cardiff and approximately 25 miles west of Bristol.  Newport benefits from excellent transport links with the M4 running along the north of the city and frequent rail services departing directly to Swansea, Cardiff and London.  The subject property occupies a prominent location on Chepstow Road which is a main arterial route into the centre of Newport, approximately 1 mile from the City Centre.  Occupiers in the vicinity include Boots, Gloden and William Hill.

Sizes and Measurements

Total Size

2,112sqft

Sales Area

2,112sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,112sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease End

30/07/2027

Next Lease Break

30/07/2022

Lease type

Assignment

For rent

£14,500/pa

Ratable Value

£18,000.00

Specification

  • Rear Parking
  • Prominent Position
  • Busy Arterial Route

Photos

MAINDEE FRONT ELEVATION IMAGE

Map Data
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Map DataMap data ©2019 Google
Map data ©2019 Google
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