0 Bed Commercial Development For Sale

FOR SALE BY ONLINE AUCTION - Lot 65 - Large Fully Refurbished Commercial Premises

ONLINE AUCTION from 16th DECEMBER-18th DECEMBER



An opportunity to acquire a 24 year lease remaining on a substantial period five storey commercial building situated in the heart of Newport city centre. The property previously traded as a well established local jewellers but would be ideal for a number of uses other than the current A2 retail use.



There are also a number of national restaurant chains and retailers confirmed as occupants. The property would be ideal for persons looking for substantial premises for their own business or potentially for an investor looking for a commercial property that may offer scope for rents estimated in the region of £15,000-£18,000 for the full building. The property is alarmed and has an external shutter system with CCTV.



VIRTUAL TOUR





Ground Floor: Retail sales area, office. At the rear of the ground floor is a staircase leading to the basement area

First Floor: 2 office space

Second Floor: Open plan kitchen area with office

Third Floor: Office/storage space, 2 interconnecting rooms

Fourth Floor: WC, storage room





Tenure:

Advised Leasehold we are offering approximately 24 years of an original 99 year lease with a peppercorn ground rent of £1,300 pa. All enquiries should be made with the local authority.



Tenancies:

To be sold with vacant possession