Skip to content
UNDER OFFER

Tredegar Chambers, 67-81 Bridge Street, Newport, NP20 4AQ

POA

Avison Young (UK) Limited, Leisure
SIZE AVAILABLE

14,346 sq ft

1,333 sq m

SECTOR

Leisure facility for sale

Key features

  • Substantial freehold property in a prominent city centre location fronting both Bridge Street and Cambrian Road
  • Comprises five ground floor retail units (two currently occupied) with three floors of vacant office accommodation above
  • Redevelopment potential to convert the upper floors to a residential / alternative use (subject to planning)
  • Nearby occupiers include NatWest, HSBC, Tesco Express, McDonalds and a Travelodge Hotel
  • Close proximity to High Street which has recently benefited from a multi-million pound refurbishment programme
  • The accommodation extends to circa 1,332.8 sq m (14,346 sq ft)
  • Passing rent of £28,775 p.a. with potential to increase in the short term through the letting of the vacant retail units.
  • Asset management and redevelopment opportunities
  • Offers in the order of £1million are invited for the freehold interest.

Description

Description
The property comprises a substantial period corner premises with five retail units on the ground floor and office accommodation over first, second and third floors. The property is grade II listed.
The accommodation briefly comprises: 76 Bridge Street - Occupied as an estate agency office. The unit is open plan with WC and office accommodation to the first floor. The unit has been fitted out by the tenant with suspend ceiling, painted and plastered walls and a vinyl floor covering.
77 Bridge Street -Currently vacant having previously been occupied by an insurance broker. Comprises open plan retail unit/office with staff kitchen and WC's to the rear.
78 Bridge Street -Occupied by Queens newsagents and comprises a ground floor shop with counter and storage area to the rear.
80 Bridge Street - Currently vacant and laid out as an open plan unit having previously been occupied for a financial services use. It comprises open plan unit with staff kitchen and WC's to the rear.
81 Bridge Street - Corner unit with a dual frontage on to both Bridge Street and Cambrian Road. This unit is currently vacant, but was previously occupied by a travel agents and is currently arranged with a sales area to the front with a series of offices and ancillary staff accommodation and WC's to the rear.
Upper floors - Comprise vacant office space on the first, second and third floor. Each floor is arranged as a series of cellular offices with corridors, stairwells and welfare facilities. Access is via its own independent door off Bridge Street.
There is also an extensive basement area. Prominent City Centre Mixed-use Redevelopment Opportunity For sale on behalf of Fixed Charge Receivers

Location
The property is located in Newport's city centre, on the corner of Bridge Street and Cambrian Road within the pedestrianised area of the city.

Viewings
By appointment only with the sole agents Avison Young.

Specifications
The accommodation extends to 1,332.8 sq m (14,436 sq ft).
For full specification details, please speak to one of our agents.

Services and Planning
The property is covered by the Newport City's Local Development Plan 2011-2026 which was adopted in January 2015. Under this Plan, the property falls within the central shopping area and Newport's Conservation Area.
The property falls outside of the designated primary and secondary shopping frontage areas and therefore could be suited to a range of ground floor uses. Both residential and employment uses would be encouraged for the vacant upper floors.
Under Newport City Centre Masterplan, the property is located within the Northern Gateway. Proposals for this area of the city include improving connectivity from the railway station to the main retail areas of the city along with rejuvenating and reusing key assets to regenerate this location.
The property is grade II listed Interested parties are to rely on their own planning investigations.

Brochures

Tredegar Chambers, 67-81 Bridge Street, Newport, NP20 4AQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newport (S. Wales) Station0.0 miles
  • Pye Corner Station1.9 miles
  • Rogerstone Station3.0 miles

About Avison Young (UK) Limited, Leisure

65 Gresham Street, London, EC2V 7NQ

Avison Young (UK) Limited, Leisure

Avison Young creates economic, social and environmental value as a global real estate advisor, powered by people.

At Avison Young, we believe in creating positive impact wherever we go.

There is a vital role for commercial real estate to create healthy, productive workplaces for employees, cities that are centres of prosperity for its citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Our nimble, agile t

More properties from Avison Young (UK) Limited, Leisure

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 214627-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Avison Young (UK) Limited, Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.