Prominent pedestrianised location in the heart of the City Centre
Nearby occupiers include H&M, WH Smith, River Island, Topshop and New Look
Close to Friars Walk Shopping Centre housing retailers including Marks & Spencer, Debenhams, Next and restaurants including Wagamama, TGI Friday and Prezzo
No empty rates (Grade II Listed)
Of interest to investors and owner occupiers
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 94
Auction 7th July 2016
Rent £20,700 per Annum Exclusive
Status Sold
Price £202,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Prominent pedestrianised location in the heart of the City Centre
Nearby occupiers include H&M, WH Smith, River Island, Topshop and New Look
Close to Friars Walk Shopping Centre housing retailers including Marks & Spencer, Debenhams, Next and restaurants including Wagamama, TGI Friday and Prezzo
No empty rates (Grade II Listed)
Of interest to investors and owner occupiers
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 94
Auction 7th July 2016
Rent
Status Sold
Price £202,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
5 miles south-east of Cwmbran, 12 miles north-east of Cardiff
Roads
A48, A449, A4042, M4
Rail
Newport Railway Station
Air
Cardiff Airport
Situation
The property is located on the eastern side of the pedestrianised section of Commercial Street, in the heart of the City Centre. The property is adjacent to Sports Direct with other retailers on Commercial Street including H&M, WH Smith, River Island, Topshop, New Look and Poundland. Friars Walk Shopping Centre, which opened in November 2015, is just a short walk away housing retailers including Marks & Spencer, Debenhams and Next as well as various restaurants and an eight screen multiplex cinema.
Tenure
Freehold.
Location
Miles
5 miles south-east of Cwmbran, 12 miles north-east of Cardiff
Roads
A48, A449, A4042, M4
Rail
Newport Railway Station
Air
Cardiff Airport
Situation
The property is located on the eastern side of the pedestrianised section of Commercial Street, in the heart of the City Centre. The property is adjacent to Sports Direct with other retailers on Commercial Street including H&M, WH Smith, River Island, Topshop, New Look and Poundland. Friars Walk Shopping Centre, which opened in November 2015, is just a short walk away housing retailers including Marks & Spencer, Debenhams and Next as well as various restaurants and an eight screen multiplex cinema.
Tenure
Freehold.
Description
The property comprises a ground floor double fronted retail unit with additional commercial accommodation (sold off) on the first, second and third floors.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particularshas been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor double fronted retail unit with additional commercial accommodation (sold off) on the first, second and third floors.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particularshas been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
1) The tenant has made an application to assign the licence to NT Wholesale Limited. (2) The Licensor and the Licensee may terminate this licence at any time on providing no less than four weeks prior written notice. (3) The auctioneers have not yet been able to gain access to the premises. The areas have been sourced from a report supplied by the seller and no warranty can be given for their accuracy.