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St. Thomas House 17 St. Thomas' Sq 2,404 sq ft 88% Let Office Property Newport PO30 1SL £375,000 (£155.99/sq ft)
INVESTMENT HIGHLIGHTS
- Situated overlooking the pedestrianised St. Thomas Square, a central and integral part of the main Town Centre of Newport
- Easy access to all local facilities, including a wide range of local and national retailers
- Has a great deal of charm and character
- Grade II Listed building
- Refurbished to a very high standard
EXECUTIVE SUMMARY
Price Guide - £375,000 freehold.
St. Thomas House is situated overlooking the pedestrianised St. Thomas Square, a central and integral part of the main Town Centre of Newport. Near neighbours include Lloyds Bank, Newport Minster, The Wheatsheaf, Available Light Gallery & Gifts, among others and including a number of ‘café culture’ outlets with external seating including the newly-relocated and refurbished Grace’s Bakery. Early interest is very strongly encouraged: the premises have undergone considerable and sympathetic improvements and refurbishments in recent years, and the property is currently fully let as an investment proposition. The property is effectively mid-terraced and is Grade II Listed, with a great many character features, including a central ‘Chinese Chippendale’ staircase providing access to the upper floors. The property is fully let to a variety of excellent tenants, with each letting on an inclusive basis, and with the current net income demonstrating before costs a yield of just over 9%.
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- CONDITION
- AVAILABLE
Approached via a main entrance hall from St. Thomas Square, leading through to the central ‘atrium’ with the feature staircase. Room 7 is on the second floor, and is of some 285ft² (26.47m²). It benefits from shared kitchen and WC facilities. The accommodation should be viewed to be fully appreciated, as it has been refurbished to a very high standard. The accommodation has a great deal of charm and character and could suit a wide variety of occupiers, subject to any necessary consents. Tenure: Will be by way of a new commercial lease, envisaged to be for initial terms of 3 years; however, after a full 12 months’ occupancy the tenant may thereafter have a 3 month rolling notice arrangement to terminate. Longer leases may be available on a similar arrangement, subject to negotiation, and the Landlord will reserve the right to exclude any tenancy from the security provisions of the Landlord & Tenant Act 1954, Part II. Rental guide - £350 pcm.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 7 | 285 sq ft | Office | Partial Fit-Out | Now |
2nd Fl-Ste 7
| Size |
| 285 sq ft |
| Space Use |
| Office |
| Condition |
| Partial Fit-Out |
| Available |
| Now |
2nd Fl-Ste 7
| Size | 285 sq ft |
| Space Use | Office |
| Condition | Partial Fit-Out |
| Available | Now |
Approached via a main entrance hall from St. Thomas Square, leading through to the central ‘atrium’ with the feature staircase. Room 7 is on the second floor, and is of some 285ft² (26.47m²). It benefits from shared kitchen and WC facilities. The accommodation should be viewed to be fully appreciated, as it has been refurbished to a very high standard. The accommodation has a great deal of charm and character and could suit a wide variety of occupiers, subject to any necessary consents. Tenure: Will be by way of a new commercial lease, envisaged to be for initial terms of 3 years; however, after a full 12 months’ occupancy the tenant may thereafter have a 3 month rolling notice arrangement to terminate. Longer leases may be available on a similar arrangement, subject to negotiation, and the Landlord will reserve the right to exclude any tenancy from the security provisions of the Landlord & Tenant Act 1954, Part II. Rental guide - £350 pcm.
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St. Thomas House | 17 St. Thomas' Sq
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