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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
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- M Smith-Morris t/a House of Luxe
- -
- 652 SF
- -
- Sep 2025
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.
TK Maxx is a United Kingdom-based off-price retailer specialising in branded apparel, accessories, footwear, and homewares. The business was founded in 1994 with the opening of its first UK store in Bristol, introducing the off-price retail model to the UK and Ireland. The brand operates as part of TJX Europe, which is wholly owned by The TJX Companies, a publicly traded U.S. retail group listed on the New York Stock Exchange under the ticker symbol TJX. TK Maxx sources branded and designer merchandise from a wide network of manufacturers and suppliers, offering products at discounted prices compared with recommended retail pricing. Over time, the company expanded beyond clothing into home-related categories and launched e-commerce operations in the UK in 2009. The company’s UK headquarters is based in Watford, Hertfordshire, where corporate, merchandising, property, and operational functions are managed. TK Maxx operates as a privately held entity in the UK through its European holding structure, while its ultimate parent, The TJX Companies, reports consolidated financial results at group level.
| 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
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49-52 Pyle St
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