Lettings - Commercial

We are currently offering the following commercial property      for let.

165, Corporation Road, Newport NP19 0JB

v    Well Located Retail Premises

v    A3 Planning Permission for Takeaway Use and Residential Above

v    Retail Area 43.3 sq m (466 sq ft) plus 56.7 sq m (610 sq ft) Storage

v    Roller Shutter Door to Shop Front

v    Busy Main Road Location

v    Potential to Sub Let First Floor Accommodation

The property is situated within a parade of retail units fronting onto the main Corporation Road, close to it’s junction with Wharf Road and George Street Bridge within 1 mile of Newport City Centre. Corporation road is one of the main arterial roads into and out of the City Centre. The surrounding properties are made up of a mixture of retail and residential uses.

Accommodation

The accommodation has the following approximate floor areas: -

Area                                        Sq M                           Sq ft

Retail Area                         43.3                             466

GF Ancillary                        56.7                             610

First Floor                          55.5                             598

Total                                       155.5                           1,674

Description

The subject property comprises a two storey mid terraced building with a retail unit on the ground floor together with offices and storage to the rear. To the first floor are various rooms, kitchen and WC. The property has planning permission for an A3 Take Away use on the ground floor with residential above. The first floor has the potential to be sub let and provide an income for the tenant.

Tenure

The property is available on a new fully repairing and insuring lease on terms to be agreed at a rental of £12,000 per annum

Rateable Value/Local Authority

Rateable Value                                     £4,750

Business premises with a rateable value between £1 -£12,000 benefit from the Welsh Government Funded Rates Relief until 30th September 2011.

Services

We understand that all mains services are connected to the property.

Planning

The property has planning permission for A3 Take Away Use on the ground floor and residential above. We advise potential occupiers to make their own enquiries with the Local Planning Department as to their intended use.

Legal Costs

Each party to be responsible for their own legal costs incurred in any transaction