The property is located within a 100% prime position on the pedestrianised Commercial Street close to the main entrance into the newly built Friars Walk Shopping Centre. Adjacent occupiers are Iceland and Wildings Department Store. Other occupiers in the immediate vicinity include Costa Coffee, Boots, Halifax, CEX, The Works, Waterstones and W H Smith.
The property is a four storey building over ground and three upper floors. Access is provided directly from Commercial Street, whilst rear delivery access is provided from Stow Hill into the rear of the first floor. The ground floor is well configured with a sales area to the first floor.
The property is available to let on the basis of a new 10 year lease via full repairing and insuring terms subject to 5 yearly upwards only reviews.
The property provides the following approximate areas and dimensions:-
We understand that the property benefits from A1 planning consent although other uses will be considered subject to the tenant obtaining all necessary planning permission.
Close Send email [ihItgldJZqwlh ] Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.
This shop, retail unit to rent is located in Newport
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