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157 - 159 Commercial Street, Newport 2 Retail Properties Offered at $837,969 CAD in Newport
EXECUTIVE SUMMARY
The property comprises a terrace of three buildings which are Grade II Listed. Each property provides ground floor retail accommodation with 4 storey front sections which are of traditional load bearing construction with pitched roofs. Each property has been extended at the rear. The rear elements mostly have flat roof coverings. Separate rear access to the back of the properties is via school lane.
Each of the 3 properties are each held on separate freehold titles. 157 The ground floor is occupied by Friars Fruit ltd. The tenant is holding over a lease (excluded from the section 24-28 of the act 1954 landlord and tenant act, which expired in September 2021. The landlord or tenant can break the lease on a 6 weeks notice. The rent payable is £12,000 p.a. 158 Formerly occupied by Poundland. There is an ongoing dilapidation negotiation following the expiry to the Poundland lease in March 2022. 159 Let to Waterstones Booksellers Ltd. (Terms awaited).
Each of the 3 properties are each held on separate freehold titles. 157 The ground floor is occupied by Friars Fruit ltd. The tenant is holding over a lease (excluded from the section 24-28 of the act 1954 landlord and tenant act, which expired in September 2021. The landlord or tenant can break the lease on a 6 weeks notice. The rent payable is £12,000 p.a. 158 Formerly occupied by Poundland. There is an ongoing dilapidation negotiation following the expiry to the Poundland lease in March 2022. 159 Let to Waterstones Booksellers Ltd. (Terms awaited).
PROPERTY FACTS
| Price | $837,969 CAD | Number of Properties | 2 |
| Price / SF | $40.67 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 20,605 SF |
| Status | Active | Total Land Area | 0.11 AC |
| Price | $837,969 CAD |
| Price / SF | $40.67 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,605 SF |
| Total Land Area | 0.11 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 158-159 Commercial St, Newport NP20 1JQ | Retail | 11,981 SF | - | - |
| 157 Commercial St, Newport NP20 1JQ | Retail | 8,624 SF | 1912 | - |
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157 - 159 Commercial Street, Newport
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