No longer on the market
This property is no longer on the market
Floorplan
Map
Area statsRetail property (high street)
Auction
Retail property (high street)
Features and description
- Advised Freehold - to be verified by solicitor
- The property is sold subject to a renewed 3-year lease commencing in September 2025, at a passing rent of £15,000 per annum.
FOR SALE BY AUCTION - -Lot 82 - Prime Commercial Investment
ONLINE AUCTION from 16th DECEMBER-18th DECEMBER
An opportunity to acquire a commercial investment located in the heart of Newport city centre, let to the well-established national retailer Waterstones. The property will be occupied under a renewed 3-year lease commencing in September 2025, generating an annual rental income of £15,000. Waterstones have been in continuous occupation since 1999.
The guide price equates to £16.63 per sq ft.
We have been advised by the landlord that the lease is outside the Landlord and Tenant Act 1954.
There is also potential for residential development above the retail unit, subject to obtaining the necessary planning permission.
Waterstones was founded in 1982 and is a leading British bookseller. As of 2024, the company operates approximately 317 bookshops and employs over 3,600 people. A typical Waterstones branch stocks around 30,000 individual books. In addition to its nationwide store network, Waterstones operates a full online bookstore to meet modern e-commerce demand. For the financial year ending 27 April 2024, Waterstones Booksellers Limited reported a turnover of £528.4 million.
Newport city centre is a vibrant mixed-use location, home to major retail and leisure schemes including Friars Walk and the Kingsway Shopping Centre. The surrounding pedestrianised streets generate consistently high footfall, supporting a strong mix of national and independent retailers. The city has benefited from significant regeneration in recent years, evolving from a traditional industrial base into an emerging hub for technology, digital industries, and modern commercial activity.
Measurements
We have been advised that the total area of the premises is 6,013 sq ft. Internal floor plans and detailed measurements will be provided at a later date.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
The property is sold subject to a renewed 3-year lease commencing in September 2025, at a passing rent of £15,000 per annum.
ONLINE AUCTION from 16th DECEMBER-18th DECEMBER
An opportunity to acquire a commercial investment located in the heart of Newport city centre, let to the well-established national retailer Waterstones. The property will be occupied under a renewed 3-year lease commencing in September 2025, generating an annual rental income of £15,000. Waterstones have been in continuous occupation since 1999.
The guide price equates to £16.63 per sq ft.
We have been advised by the landlord that the lease is outside the Landlord and Tenant Act 1954.
There is also potential for residential development above the retail unit, subject to obtaining the necessary planning permission.
Waterstones was founded in 1982 and is a leading British bookseller. As of 2024, the company operates approximately 317 bookshops and employs over 3,600 people. A typical Waterstones branch stocks around 30,000 individual books. In addition to its nationwide store network, Waterstones operates a full online bookstore to meet modern e-commerce demand. For the financial year ending 27 April 2024, Waterstones Booksellers Limited reported a turnover of £528.4 million.
Newport city centre is a vibrant mixed-use location, home to major retail and leisure schemes including Friars Walk and the Kingsway Shopping Centre. The surrounding pedestrianised streets generate consistently high footfall, supporting a strong mix of national and independent retailers. The city has benefited from significant regeneration in recent years, evolving from a traditional industrial base into an emerging hub for technology, digital industries, and modern commercial activity.
Measurements
We have been advised that the total area of the premises is 6,013 sq ft. Internal floor plans and detailed measurements will be provided at a later date.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
The property is sold subject to a renewed 3-year lease commencing in September 2025, at a passing rent of £15,000 per annum.
Area statistics
Crime score
High crime
10/10
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.