Retail unit to let in Newport Wales

Retail unit to let - 138 Chepstow Road, Newport, UK

Facilities
  • 24 hr Access
  • Retail Use
  • Security Shutter
  • Self contained premises
Description

Retail unit to let in Newport Wales.
LOCATION ­ NP19 8EG
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 miles from the City Centre. Nearby occupiers include Boots, Greggs and William Hill.
ACCOMMODATION
The premises are arranged over ground and first floor and provide the following approximate dimensions and gross internal floor areas:

Internal Width - 17.70 m (58 ft 2 ins)
Shop Depth - 36.80 m (121 ft 0 in)
Ground Floor Sales - 580 sq m (6,250 sq ft)
First Floor Storage - 705 sq m (7,589 sq ft)

ENERGY PERFORMANCE CERTIFICATE
Rating D (82) ­ a copy of the certificate is available upon application.
TENURE
The property is held on a lease expiring April 2037 at a current rental of £151,446 per annum, exclusive. The rent is increased annually at 2.25%.
CONCESSIONS
An extensive rent free period is available to a suitable assignees or consideration will be given to sub­letting the property at a reduced rental.
RATES
Rateable Value: £41,500.00
UBR 48.60p
Rates Payable: £20,169.00
Please verify the actual rates payable with the local authority.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred with the transaction.

CAR PARKING
There is a large Council car park close to the store and on street parking.

Area
13839 sq ft
Security Shutters
Yes
Use
A1 (Retail)
Location
City/Town Centre
Minimum Availability
12 Months
Price per annum
£151446
Location
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