Retail premises for sale

Newport NP20

The subject property is situated on Clytha Park Road, a popular and
busy retail parade on the western edge of the city centre, less than 250
metres from both Newport train station and the Civic Centre and Gold
Tops, the principal office location in the city.
Clytha Park Road is represented by both national and local operator
including Tesco Express, Gem 42 and Newport Orthodontic Centre, amongst others.
Newport, according to ons has a population of c. 159,000 as of 2021
and is the sixth highest population of the 22 local authorities in Wales.
Cardiff: 15.5 miles
Bristol: 31 miles
Description

The subject property comprises a substantial three storey block
occupying a prominent roadside position on the southern side of
Clytha Park Road at the corner of Caerau Road. Five retail units make
up the block which include The Rogue Fox (a licensed café) Well
Pharmacy, The Cellar Door (a micro pub) and All About Eve (a bridal
boutique), all of which have traditional shopfronts. The first and
second floors are let to the Bridal Suite operator. There is car parking
to the rear.
Accommodation

The property comprises the following Net Internal Floor Areas and
Tenancies:
Unit Tenant NIA Lease Details Passing
Rent
3 Clytha Park
Road
Rogue Fox Ltd 83.94 sq. M
(903 sq. Ft.)
5 years from
January 2025. Rent
Review end of year
3
Available
on request
4 Clytha Park
Road
Bestway National
Chemists t/a Well
Pharmacy
64.26 sq. M
(692 sq. Ft.)
Lease dated 10th
March 2022, expiring 29th March
2031. Tenant b/c 3rd
and 6th Anniversary
Available
on request
5 Clytha Park
Road
Misfits Bars Ltd
t/a The Cellar
Door
48.75 sq. M
(524 sq. Ft.)
5-year lease
expiring 5th
February 2030.
Rent Review and
tenant b/c February
2027
Available
on request
6 Clytha Park
Road
Maureen
Edwards & Vicki
Anthony t/a All
About Eve
55.48 sq. M.
(597 sq. Ft)
Lease assignment
expiring 30th
November 2026
Available
on request
7 Clytha Park
Road & Upper
floors of 3-7
Clytha Park
Road
Maureen
Edwardsand
Vicki Anthony t/a
All About Eve
453.2 sq. M.
(4,878 sq. Ft)
5-year lease
expiring 13th August
2029. Rent Review
13th August 2027.
Available
on request
Advertisement
Hoarding
Snowball
Advertising Ltd
N/A 5-year license from
1st December 2021
Available
on request
totals 705.63 sq.
M
(7.594 sq.
Ft.)
£62,000
per
annum
Tenure

Freehold, subject to the internally repairing and insuring leases (iri), inclusive of service charge which will be in place from completion.
Guide price

£795,000, representing a Gross Initial Yield of 7.8% and a capital
value rate of £104.69 psf.
Planning and development

The property is assumed to be being used lawfully. The upper
floors may be suitable for alternate use such as conversion to
residential use (subject to all necessary consents and subject to
vacant possession). Interested parties are advised to make
their own enquiries to the local planning authority.
Method of sale

Private Treaty
VAT

To be confirmed.
Energy performance certificate

Available upon request.
Legal costs & professional costs

Each party will be responsible for their own legal and
professional costs incurred in the transaction.