FOR SALE £475,000 - £500,000

FORMER NIGHTCLUB, 38 STOW HILL, NEWPORT, NP20 1JE

 Total accommodation approximately GIA 1,812.2 sq m (19,500 sq ft).

 Site Area 0.186 Hectares (0.459 Acres)

 Planning Permission for construction of 23 flats and 2 houses.

 Currently Producing an income of £8,500 per annum

 City Centre Location

www.nuttallparker.com 01633 212 333

LOCATION

The property is situated on the Stow Hill, which is in the city centre, in close proximity of the main shopping area, which is centred around the newly developed Friars Walk.

Newport Railway Station and main bus depot are located approxi- mately 1/4 a mile away.

Local schools and colleges can be located within a two mile radius of the property.

DESCRIPTION

The property has the benefit of planning permission for the con- struction of eighteen flats and a terrace building that will provide five flats and two houses. From an external inspection, the property provides a substantial two storey building formerly used as a night- club.

It provides two floors together with basement storage accommoda- tion. To the rear is an enclosed car park. We understand from the seller that the property extends to a GIA 1,812.2 sq m (19,500 sq ft). Site Area 0.186 Hectares (0.459 Acres)

Externally the property benefits from a parking area to the rear which we have been informed is currently producing £8,500 per annum.

PLANNING

Planning Permission was granted by on 5th August 2015 under reference 12/0793 for 'the demolition of the majority of the existing building, retention of listed front façade, and construction on the Stow Hill frontage behind the retained fa- çade, of a building to contain 18 flats, and the construction of a 2/3 storey terrace on the North Street frontage to contain 5 flats and 2 houses, with associated access, parking and landscaping'.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in a transaction.

SERVICES

We understand that all mains services are a are connected to the property. We advise that any purchaser makes their own enquires with the relevant authorities. VIEWING TENURE Strictly by prior appointment with sole agents, Nuttall The property is available freehold at a guide price of £475,000 - Parker: £500,000. Steve Roberts T: 01633 212333 / 07703 610736

E: [email protected] A: 7 Road, Newport, NP20 4BP

7 Baneswell Road, Newport, NP20 4BP ∙ T 01633 212 333 ∙ F 01633 212 444 ∙ [email protected] ∙ www.nuttallparker.com Commercial Property Agents ∙ Surveys & Valuations ∙ Landlord & Tenant ∙ Auctions ∙ Development ∙ Commercial Energy Assess- ments

SUBJECT TO CONTRACT These particulars do not constitute the whole or any part of an offer or contract. Whilst every care is taken in the preparation of these particulars, their accuracy cannot be guaran- teed and prospective purchasers or tenants should satisfy themselves by inspection or otherwise as to the correctness of any statements or information contained herein. All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate.