Total views: 639
MapGuide price
£68,000Restaurant for sale
31 Commercial Street, Newport, Gwent, NP20 1HJ
Auction
Restaurant
Features and description
- Advised Leasehold - to be verified by solicitor (999 year lease)
- Tenancies sold subject to a 10 year lease let at £12,000 per annum
FOR SALE BY AUCTION - -Lot 55 - Commercial Investment Opportunity
ONLINE AUCTION from 16th DECEMBER- 18th DECEMBER 2025
A mid terraced commercial building that is trading as an Italian restaurant and has approximately 2,025 sq ft of accommodation over two floors. The restaurant is let on a 10 year lease and has been refitted by the current tenant.
Newport city centre is a mixed-use area focused on shopping, leisure, and business, with major indoor complexes like Friars Walk and the Kingsway Shopping Centre, surrounded by pedestrianized shopping streets & The city has seen significant investment, transforming it from traditional industries into a hub for tech and digital sectors.
The property occupies 100% prime position in the pedestrianised main retailing area. The adjacent occupier is the Co-op Bank. Other occupiers in close proximity include Boots, Waterstones, Poundland, Sports Direct, Burger King, WHSmith and Iceland. The property benefits from being located between Llanarth Street and Austin Friars. These streets link the new Friars Walk shopping centre with Commercial Street and the city centre. Newport railway station is a short walk away.
VIRTUAL TOUR
AccommodationFloorArea Sq FtArea Sq MGround Floor86680.41Ancillary10810.04Basement60456.10Total1,578146.60
Tenure:
Advised Leasehold - to be verified by solicitor (999 year lease)
Tenancies:
Tenancies sold subject to a 10 year lease let at £12,000 per annum
ONLINE AUCTION from 16th DECEMBER- 18th DECEMBER 2025
A mid terraced commercial building that is trading as an Italian restaurant and has approximately 2,025 sq ft of accommodation over two floors. The restaurant is let on a 10 year lease and has been refitted by the current tenant.
Newport city centre is a mixed-use area focused on shopping, leisure, and business, with major indoor complexes like Friars Walk and the Kingsway Shopping Centre, surrounded by pedestrianized shopping streets & The city has seen significant investment, transforming it from traditional industries into a hub for tech and digital sectors.
The property occupies 100% prime position in the pedestrianised main retailing area. The adjacent occupier is the Co-op Bank. Other occupiers in close proximity include Boots, Waterstones, Poundland, Sports Direct, Burger King, WHSmith and Iceland. The property benefits from being located between Llanarth Street and Austin Friars. These streets link the new Friars Walk shopping centre with Commercial Street and the city centre. Newport railway station is a short walk away.
VIRTUAL TOUR
AccommodationFloorArea Sq FtArea Sq MGround Floor86680.41Ancillary10810.04Basement60456.10Total1,578146.60
Tenure:
Advised Leasehold - to be verified by solicitor (999 year lease)
Tenancies:
Tenancies sold subject to a 10 year lease let at £12,000 per annum
About this agent
The company was established by Paul Fosh in 2001 following a long career in estate agency with companies situated across South Wales. Since 2001 the company has grown into the leading property auction house in Wales.