Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Investment opportunity
- Excellent transport links
- Prominent roadside location
- Outskirts of Newport City Centre
Rooms
Description
A prominent end terrace, mixed use property well situated on Chepstow Road on the outskirts of Newport city centre. The property provides two ground floor commercial units with frontage onto Chepstow Road. A further shared access direct from Warwick Road provides a communal hallway and access to both commercial units and the first floor two-bedroom flat.
Situation
The property is well positioned on Chepstow Road and is set directly opposite the popular Beechwood Park. Chepstow Road provides a number of mixed-use properties and retail units and boasts excellent transport links being just 2 miles from Junction 24 of the M4 at the Coldra and 2 miles from the city centre.
Accommodation
Ground Floor
418 Chepstow Road
Extending to approximately 450ft2 and currently in use as a beauty salon, the unit provides reception/waiting area with two treatment rooms and ancillary area while benefiting from frontage onto Newport Road. There is a second access to the rear of the unit from the internal shared hallway along with kitchenette and two toilets.
418A Chepstow Road
In excess of 365ft2 of commercial workspace having previously been in use as a hairdressers. The unit provides an open plan salon and hair wash area with a separate store / kitchenette area with access to the rear and toilet. The unit is now vacant.
First Floor
The first floor flat provides a spacious two-bedroom flat which would benefit from modernisation. The flat provides accommodation as follows:
Kitchen
Bathroom – with WC, electric shower and sink
Lounge – with bay window and fireplace
Bedroom 1 – double bedroom
Bedroom 2 – single bedroom
Outside
The property benefits from an enclosed courtyard in front of the single storey unit.
Rental Income
Information available from the agents David James.
Business Rates & Council Tax
Diva’s Beauty Lounge – Rateable Value - £4,600
First floor flat – Council Tax Band E
Planning
It is understood that the property has been utilised for commercial purposes to the two ground floor units and for residential purposes to the first floor. Prospective purchasers are advised to make their own investigations with the Local Planning Authority.
Tenure
Freehold subject to current lease agreement on the ground floor commercial unit 418 Chepstow Road. Vacant possession on completion on the rear ground floor commercial unit 418A Chepstow Road and the first floor flat. Purchasers are advised to make their own investigations in this regard.
Rights of Way & Easements
The property is sold with any rights, easements or incidents of tenure which affect it.
Services
We understand that the property benefits from a single mains water and drainage supply, individual mains electric connections to each unit and two separate mains gas supplies.
Property information from this agent
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Broadband availability and predicted speed: obtained from Ofcom on March 1, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 1, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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