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Floorplans (
MapGuide price
£99,000Retail property (high street) for sale
157 Commercial Street, Newport, NP20 1JQ
Auction
Retail property (high street)
Features and description
- Advised Freehold - to be verified by solicitor
- The property is sold subject to a rolling tenancy at a passing rent of £12,000 per annum.
FOR SALE BY AUCTION - -Lot 83 - Commercial Retail Investment Opportunity in the Heart of Newport
ONLINE AUCTION from 16th DECEMBER-18th DECEMBER
The property forms part of the former Topshop building and is currently occupied by a fruit and vegetable retailer on a rolling licence, producing a passing rent of £12,000 per annum.
We have been advised by the landlord that Friars Fruit have been in occupation since 2020.
Guide price equivalent to £10.85 per sq ft.
There is also potential for residential development above the retail unit, subject to obtaining the necessary planning permission.
Newport city centre is a major retail and commercial hub for South Wales, benefiting from strong footfall, established shopping streets, and major schemes such as Friars Walk. The area has experienced significant regeneration and investment in recent years, supporting continued growth across the retail, leisure, and business sectors.
Measurements
We have been advised that the total area of the premises is 7,375 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 rolling tenancy at a passing rent of £12,000 per annum.
ONLINE AUCTION from 16th DECEMBER-18th DECEMBER
The property forms part of the former Topshop building and is currently occupied by a fruit and vegetable retailer on a rolling licence, producing a passing rent of £12,000 per annum.
We have been advised by the landlord that Friars Fruit have been in occupation since 2020.
Guide price equivalent to £10.85 per sq ft.
There is also potential for residential development above the retail unit, subject to obtaining the necessary planning permission.
Newport city centre is a major retail and commercial hub for South Wales, benefiting from strong footfall, established shopping streets, and major schemes such as Friars Walk. The area has experienced significant regeneration and investment in recent years, supporting continued growth across the retail, leisure, and business sectors.
Measurements
We have been advised that the total area of the premises is 7,375 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 rolling tenancy at a passing rent of £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.