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.
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.
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 - 1,359 sq ft (126.25 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.
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 2023/24: 53.5
Gross Rates Payable: £4,120
2 New Buildings
Rateable Value: £4,050
Uniform Business Rate 2023/24: 53.5
Gross Rates Payable: £2,167
3 New Buildings
Rateable Value: £10,750
Uniform Business Rate 2023/24: 53.5
Gross Rates Payable: £5,751
First Floor Offices, 1-3 New Buildings
Rateable Value: £9,100
Uniform Business Rate 2023/24: 53.5
Gross Rates Payable: £4,869
We advise all interested parties should make their own enquiries with the Valuation Office Agency and Local Authority in this regard.
The property is available to purchase on a freehold basis subject to the existing leases. Title Number CYM612758.
TENANCIES
1 New Buildings - a new lease is currently being negotiated at £9,600 per annum. Further details available on request.
2 New Buildings - New 10 year lease agreed at £5,200 per annum, Commencing March 2024.
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. We understand that the tenant is currently holding over.
First Floor Offices, 1-3 New Buildings - vacant.
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.
Please contact our Caerphilly Office on 02920 867711 if you wish to arrange a viewing appointment for this property or require further information.
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.
