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38-39 Llanarth St 1,758 SF Retail Condo Unit Offered at $399,071 in Newport NP20 1HR
INVESTMENT HIGHLIGHTS
- Potential Alternative Uses for Upper floors
- 2 assigned parking spaces
- Large windows
EXECUTIVE SUMMARY
The property is a multi-storey building providing commercial space on the ground floor with ancillary accommodation at the basement level and on the upper floors. The City of Newport is located in a prime strategic location close to the border of England and Wales. It benefits from excellent access to the M4 motorway and wider motorway network and provides regular train services to London Paddington. The City has an immediate population of approximately 137,000. The property is located at the heart of Newport City Centre very close to Friars Walk and Kingsway Shopping Centres. Surrounding occupiers include Taco Bell, M&S, Principality Building Society, Coffee No 1 and many more.
PROPERTY FACTS
| Total Building Size | 5,549 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,850 SF |
| Property Subtype | Storefront | Year Built | 1890 |
| Building Class | B | Lot Size | 0.04 AC |
| Total Building Size | 5,549 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 1,850 SF |
| Year Built | 1890 |
| Lot Size | 0.04 AC |
AMENITIES
- Storage Space
1 UNIT AVAILABLE
Unit 39
| Unit Size | 1,758 SF | Sale Type | Investment or Owner User |
| Price | $399,071 | Tenure | Freehold |
| Price Per SF | $227.00 | No. Parking Spaces | 2 |
| Condo Use | Retail |
| Unit Size | 1,758 SF |
| Price | $399,071 |
| Price Per SF | $227.00 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
| No. Parking Spaces | 2 |
DESCRIPTION
The shop front has large windows fronting onto Llanarth Street. To the front of the ground floor is the cooking and serving area. To the rear of the ground floor is the restaurant area, providing seating for 35- 40 covers, together with WC.
The basement provides storage and food preparation areas and benefits from rear access.
The upper floors are currently used for storage but were used many years ago as residential accommodation and there is the possibility that the this could be done again. There is, we believe, also potential for further redevelopment to create more space.
To the rear of the property there is space for 2 cars to park.
SALE NOTES
The property is available to purchase with vacant possession at a quoting price of £299,000 exclusive. Alternatively, if a purchaser is interested in buying the business also, this is available by way of negotiation.
Internal space
NEARBY MAJOR RETAILERS
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38-39 Llanarth St
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