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49-52 Pyle St 59,652 SF 100% Leased Retail Building Newport PO30 1XB $324,424 CAD ($5.44 CAD/SF)

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Investment Highlights

  • Former social club in the heart of Newport and over looking St Thomas Square.
  • No Vat on sale price.
  • Potential to convert the property into alternative uses or a number of dwellings.
  • Asset management potential in its current use.
  • An approx. 6,833 sq ft (low capital value of £25.61 per a sq ft).
  • Vacant.

Executive Summary

A Grade II Listed former social club offering accommodation over 3 floors (majority of space is predominately over ground and first floors). The property is accessed via Pyle Street but benefits from delivery access to the rear via Town Lane. The property offers asset management in its current format or future development potential to convert to alternative uses or create multiple dwellings (subject to the requisite consents).

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
59,652 SF
Building Class
B
Year Built
1990
Price
$324,424 CAD
Price Per SF
$5.44 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.35
Lot Size
1.01 AC
Frontage
219’ on Pyle Street

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • M Smith-Morris t/a House of Luxe
  • -
  • 652 SF
  • -
  • Sep 2025
  • -
  • 10,054 SF
  • -
  • Aug 2032

Mountain Warehouse love the outdoors and they know what it takes to keep you warm and dry whatever the conditions. They've been developing outdoor clothing and equipment for all the family since 1997. They carry a curated selection of products from 3rd party brands but most of the products you'll find at Mountain Warehouse are designed and produced in-house, and exclusively for them, so that they can offer you quality products at great prices across the range. They have stores around the globe including Europe, the United States, Canada and New Zealand. They have a growing family of over 5 million customers.

  • -
  • 31,873 SF
  • -
  • Jul 2031

TK Maxx is Europe’s leading off-price clothing and homeware retailer. They sell a wide range of designer labels, top brands, up-and-coming labels, stylish fashion, homeware, gifts and one-off gems, at up to 60% less than the RRP. They look for savings every step of the way and pass these savings onto their customers. They’re part of TJX Europe, with over 500 stores across the UK, Ireland, Poland, Germany, Austria and the Netherlands. Their parent company, The TJX Companies, Inc., headquartered in the United States, trades in eight countries in over 3,300 stores.

Tenant Industry SF Occupied Rent/SF Lease End
M Smith-Morris t/a House of Luxe - 652 SF - Sep 2025
- 10,054 SF - Aug 2032
- 31,873 SF - Jul 2031

Nearby Major Retailers

Snap Fitness 24/7
Costa Coffee
Tesco
Lidl
the food WAREHOUSE
Iceland
Barclays Bank
Santander
National Westminster Bank Plc
Lloyds Bank
  • Listing ID: 39355174

  • Date on Market: 2026-02-06

  • Last Updated:

  • Address: 49-52 Pyle St, Newport PO30 1XB

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