164 Commercial Street Newport Gwent NP20 1JN

  • 164 Commercial Street<br>Newport<br>Gwent<br>NP20 1JN

164 Commercial Street
Newport
Gwent
NP20 1JN

Substantial Freehold Grade II Listed Retail and Development Opportunity

  • Substantial property with former trading accommodation on ground and first floors
  • Grade II Listed building totalling 6,983 sq ft (no empty rates)
  • Development/Change of Use potential of upper floors (subject to consents)
  • Opposite Friars Walk Shopping Centre
  • Nearby occupiers include M&S Foodhall, Iceland Supermarket, Primark, Boots the Chemist, Superdrug, Wagamama's and Burger King
  • Lot
    26
  • Auction
    15th February 2024
  • Vacant Possession
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Substantial Freehold Grade II Listed Retail and Development Opportunity

  • Substantial property with former trading accommodation on ground and first floors
  • Grade II Listed building totalling 6,983 sq ft (no empty rates)
  • Development/Change of Use potential of upper floors (subject to consents)
  • Opposite Friars Walk Shopping Centre
  • Nearby occupiers include M&S Foodhall, Iceland Supermarket, Primark, Boots the Chemist, Superdrug, Wagamama's and Burger King
  • Lot 26
  • Auction 15th February 2024
  • Vacant Possession
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail, Residential, Development
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
12 miles north-east of Cardiff
Roads
A48, A449, A4042, M4
Rail
Newport Railway Station
Air
Cardiff Airport
Situation

The property is situated in the heart of the town centre on the pedestrianised Commercial Street, opposite Austin Friars, which leads to Friars Walk Shopping Centre. The property is adjacent to Iceland Supermarket with other nearby occupiers including M&S Foodhall, Primark, Boots the Chemist, Superdrug, Wagamama's and Burger King.

Tenure

Freehold.

Location
Miles
12 miles north-east of Cardiff
Roads
A48, A449, A4042, M4
Rail
Newport Railway Station
Air
Cardiff Airport
Situation

The property is situated in the heart of the town centre on the pedestrianised Commercial Street, opposite Austin Friars, which leads to Friars Walk Shopping Centre. The property is adjacent to Iceland Supermarket with other nearby occupiers including M&S Foodhall, Primark, Boots the Chemist, Superdrug, Wagamama's and Burger King.

Tenure

Freehold.

Description

The property comprises a large vacant shop arranged on the ground, first, second and third floors.

The property benefits from rear access via School Lane.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a large vacant shop arranged on the ground, first, second and third floors.

The property benefits from rear access via School Lane.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant
Ground
First
Second
Third		 Retail/Ancillary
Retail/Ancillary
Ancillary
Ancillary
277.69
249.63
61.13
60.29
(2,989)
(2,687)
(658)
(649)
 VACANT POSSESSION
Total  
648.74
(6,983)
  

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
McHale & Co Solicitors 19-21 High Street
Altrincham
WA14 1QP
Jim Schofield 0161 928 3848jim.schofield@mchaleandco.co.uk  Tahmeena Masud 0161 928 3848tahmeena.masud@mchaleandco.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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