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Morgan Leahy property investment group

South Wales - The Development


Newport, 144, 147-148 Commercial Street & 6 Charles Street,
Newport, South Wales.

The property comprises a modern development of four retail units, three of which front Commercial Street and the fourth is located on Charles Street, which links Stow Hill and Commercial Street. The three Commercial Street units are well configured with the Body Shop unit being very prominent with an excellent return frontage to Charles Street.

Internally, all the units have ground floor sales accommodation with ancillary/storage accommodation at first floor level. The units have a separate access from Charles Street for loading/fire escape purposes. Unit 1 (Superdrug) also has a goods lift.

The property has been measured on a net internal basis and set out on the floor areas on the attached tenancy schedule.

The property is let on effective full repairing and insuring leases in accordance with the attached tenancy schedule subject to five yearly upward only rent reviews. The average unexpired lease term is approximately 12 years.


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