27-32 Commercial Street & 1-2 Austin Friars, Newport, Np20
27-32 COMMERCIAL STREET & 1-2 AUSTIN FRIARS, NEWPORT, NP20 1YD HIGH YIELDING PRIME RETAIL INVESTMENT OPPORTUNITY 27-32 COMMERCIAL STREET & 1-2 AUSTIN FRIARS, NEWPORT, NP20 1YD INVESTMENT CONSIDERATIONS • Located in the City of Newport, which benefits from a substantial shopping catchment population of approximately 370,000 • 22,232 sq ft of retail accommodation with an attractive AWULT of 5.46 years • Freehold • Four large retail units let to the strong covenants of The Bank of Scotland, The Co-Op Bank, The Entertainer and Specsavers • Current passing rent of £508,000 pa • Approximately £2,800,000 of contracted rent remaining on current leases • The property is situated on the pedestrianised retailing thoroughfare of Commercial Street and Austin Friars directly adjacent to one of the principal entrances of Friars Walk Shopping Centre PROPOSAL We have been instructed to seek offers in excess of £4,100,000 (Four Million, One Hundred Thousand) subject to contract. An offer at this level would show a purchaser a net initial yield of 11.63% after purchaser’s costs of 6.57%. 27-32 COMMERCIAL STREET & 1-2 AUSTIN FRIARS, NEWPORT, NP20 1YD RIVER USK UNIVERSITY OF >>> SUBJECT SOUTH WALES FRIARS WALK ENTRANCE PROPERTY AUSTIN FRIARS COMMERCIAL STREET Outline for indicative purposes only. <<<< NEWPORT RAILWAY STATION 5 MINUTES 27-32 COMMERCIAL STREET & 1-2 AUSTIN FRIARS, NEWPORT, NP20 1YD Great Malvern A4103 A438 A449 A470 A438 Hereford A438 A483 A4172 A49 A438 A449 A40 Brecon A479 A417 M50 A40 A40 A465 Ross-on-Wye k A4137 nal Par A40 Brecon Beacons Natio GLOUCESTER A40 A40 A483 Abergavenny Forest of Dean A465 A48 A470 LOCATION SITUATION Merthyr Merthyr A4042 Newport is a University City in the county of Gwent, in south east Units 27-32 of the property are situated on the pedestrianised Tydfil Wales.
[Show full text]