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1-3 New Buildings, High Street, Newbridge, NP11 4FA
£325,000

The property in its entirety comprises a terrace of three ground floor retail units with office accommodation to the first floor. Access to the first floor office accommodation is available from both High Street and Main Street.

Map


Full Description



Location


The properties are located fronting Newbridge High Street, the main thoroughfare through Newbridge town centre and Main Street, a predominantly residential street off the main high street. National occupiers within the town are mainly limited to banks and building societies. Other occupiers are local businesses serving the immediate needs of the community.


Accommodation


From measurements taken on site we have calculated the following approximate floor areas:-

1 New Buildings 833 sq ft (77.36 sq m)
2 New Buildings 260 sq ft (24.18 sq m)
3 New Buildings 896 sq ft (83.28 sq m)
First Floor Offices, 1-3 New Buildings 1,516 sq ft (140.83 sq m)

SERVICES
We have not tested any of the service installations and prospective occupiers must satisfy themselves independently as to the state and condition of such items prior to the transaction completing.


Rates


We have made online enquiries of the Valuation Office who confirm the following Rateable Value:

1 New Buildings
Rateable Value: £7,700
Uniform Business Rate 2022/23: 53.5
Gross Rates Payable: £4,120

2 New Buildings
Rateable Value: £4,050
Uniform Business Rate 2022/23: 53.5
Gross Rates Payable: £2,167

3 New Buildings
Rateable Value: £10,750
Uniform Business Rate 2022/23: 53.5
Gross Rates Payable: £5,751

First Floor Offices, 1-3 New Buildings
Rateable Value: £9,700
Uniform Business Rate 2022/23: 53.5
Gross Rates Payable: £5,190

We advise all interested parties should make their own enquiries with the Valuation Office Agency and Local Authority in this regard.


Terms


The property is available to purchase on a freehold basis subject to the existing leases. Title Number CYM612758.

TENANCIES
1 New Buildings - subject to the existing 3 year internal repairing lease to Wayman & Co Limited which commenced from 1st July 2020 at a rental of £9,600 per annum.

2 New Buildings - subject to the existing 12 month internal repairing lease to a private individual trading as a tattoo studio from 2nd July 2020 at a rental of £3,600 per annum. Awaiting confirmation of current status.

3 New Buildings - subject to the existing 15 year internal repairing lease to Done Brothers (Cash Betting) Limited which commenced on 5th December 2007 at a rental of £12,500 per annum.

First Floor Offices, 1-3 New Buildings - vacant.


VAT


All figures quoted are exclusive of Value Added Tax (VAT). Any interested party should satisfy themselves as to the incidence of VAT in respect of any transaction. We have been informed that VAT is not payable.

MONEY LAUNDERING
As part of our obligations under the UK Money Laundering Regulations 2017, Brinsons will require any purchaser or tenant to provide proof of identity along with any other supporting documents requested.


Viewing


Please contact our Caerphilly Office on 02920 867711 if you wish to arrange a viewing appointment for this property or require further information.


Disclaimer


Brinsons endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.



Features

  • 3 no. adjoining terraced properties comprising 3 no retail units and first floor offices
  • Current income circa £25,700 per annum with potential to increase subject to letting the first floor vacant offices
  • Prominent town centre location
  • EPC Rating: D
  • PRICE - £325,000 EXCLUSIVE

Contact the Caerphilly office

Opening Hours

  • Monday 9 AM - 5:30 PM
  • Tuesday 9 AM - 5:30 PM
  • Wednesday 9 AM - 5:30 PM
  • Thursday 9 AM - 5:30 PM
  • Friday 9 AM - 5:30 PM
  • Saturday 9 AM - 4 PM
  • Sunday Closed