Property Information
Address:
CARDIFF ROAD, Newport
, NP20 3AE
Price: Rent: £20,000 Per Annum
Size: 1222 sq ft114 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH632739
Property Ref/Agent: 100012086
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 20, 2024
Property description
LOCATION
Located just a short distance from the M4 and Newport City Centre, Cardiff Road dissects the residential suburbs of Gaer and Maes-Y-Glas. It is also one of a number of commuter roads into the city centre and therefore benefits from good passing trade. Other occupiers in the vicinity include Johnson's Cleaners, Papa Johns, Lextan, Vets4Pets, Subway and Betfred. There is a Tesco Superstore located directly opposite.
DESCRIPTION
The premises forms part of an established, single storey roadside parade. The building is of a red brick construction with a partially slated Mansard roof. Available is a ground floor retail unit that has a service corridor to the rear. The parade benefits from car parking for approximately 35 vehicles.
TERMS
The premises is available by way of an assignment or subletting. The premises is occupied via a 10 year internal repairing and insuring lease subject to a service charge. The lease began on 24 September 2018 and is subject to a 5th year rent review and a tenant only break clause on 24 September 2023. The lease is due to expire on 23 September 2028.
Current Rent being paid 20,000 pax
RATEABLE VALUE
The 2017 Rateable Value for the property is:-
Rateable value: £20,000
Rates payable: £10,700
Interested parties are encouraged to make their own enquiries with the Local Rating Authority.
ACCOMMODATION
The property provides the following approximate areas and
dimensions:
Net Internal Area 113.52 sq m 1,222 sq ft
PLANNING
The property currently benefits from A1 planning use. Other uses will be considered subject to all necessary consents being granted.
SERVICE CHARGE
The service charge is calculated on a quarterly basis. The annual service charge payable for 2019 amounted to £2,142.09 plus VAT.
EPC RATING
B - 44
VAT
VAT is payable to the rent.
LEGAL COSTS
Each party to bear its own costs incurred in the transaction.
Current Rent being paid 20,000 pax
Located just a short distance from the M4 and Newport City Centre, Cardiff Road dissects the residential suburbs of Gaer and Maes-Y-Glas.
The premises forms part of an established, single storey roadside parade.
Net Internal Area 113.52 sq m 1,222 sq ft
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