Shopfront Properties for sale in the Caerleon, UK

Commercial Property in Caerleon available for sale

Shopfront Properties for Sale Within 5 miles of the Caerleon, UK

157 - 159 Commercial Street, Newport

Retail for Sale
£450,000
20,605 sq ft
2 Retail Properties

Newport Portfolio of properties for Sale

The property comprises a terrace of three buildings which are Grade II Listed. Each property provides ground floor retail accommodation with 4 storey front sections which are of traditional load bearing construction with pitched roofs. Each property has been extended at the rear. The rear elements mostly have flat roof coverings. Separate rear access to the back of the properties is via school lane. Each of the 3 properties are each held on separate freehold titles. 157 The ground floor is occupied by Friars Fruit ltd. The tenant is holding over a lease (excluded from the section 24-28 of the act 1954 landlord and tenant act, which expired in September 2021. The landlord or tenant can break the lease on a 6 weeks notice. The rent payable is £12,000 p.a. 158 Formerly occupied by Poundland. There is an ongoing dilapidation negotiation following the expiry to the Poundland lease in March 2022. 159 Let to Waterstones Booksellers Ltd. (Terms awaited).

Contact:

Cooke & Arkwright Ltd

Date on Market:

24/06/2024

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3-7 Clytha Park Rd

Newport, NP20 4NZ

Retail for Sale
£795,000
7,594 sq ft

Air Conditioning

Newport Retail for Sale

Freehold, subject to the internally repairing and insuring leases (IRI), inclusive of service charge which will be in place from completion. Guide price £795,000, representing a Gross Initial Yield of 7.8% and a capital value rate of £104.69 psf. The subject property comprises a substantial three storey block occupying a prominent roadside position on the southern side of Clytha Park Road at the corner of Caerau Road. Five retail units make up the block which include The Rogue Fox (a licensed café) Well Pharmacy, The Cellar Door (a micro pub) and All About Eve (a bridal boutique), all of which have traditional shopfronts. The first and second floors are let to the Bridal Suite operator. There is car parking to the rear. The subject property is situated on Clytha Park Road, a popular and busy retail parade on the western edge of the city centre, less than 250 metres from both Newport train station and the Civic Centre and Gold Tops, the principal office location in the city. Clytha Park Road is represented by both national and local operator including Tesco Express, Gem 42 and Newport Orthodontic Centre,amongst others. Newport, according to ONS has a population of c. 159,000 as of 2021 and is the sixth highest population of the 22 local authorities in Wales. Planning: The property is assumed to be being used lawfully. The upper floors may be suitable for alternate use such as conversion to residential use (subject to all necessary consents and subject to vacant possession). Interested parties are advised to make their own enquiries to the local planning authority.