* Freehold
* Investment opportunity
* Excellent transport links
* Prominent roadside location
* Outskirts of Newport City Centre
An opportunity to purchase a prominent mixed use property on the outskirts of
Newport City Centre. The property provides two commercial units to the ground
floor with a two bedroom residential flat above.
**Description**
A prominent end terrace, mixed use property well situated on Chepstow Road on
the outskirts of Newport city centre. The property provides two ground floor
commercial units with frontage onto Chepstow Road. A further shared access
direct from Warwick Road provides a communal hallway and access to both
commercial units and the first floor two - bedroom flat.
**Situation**
The property is well positioned on Chepstow Road and is set directly opposite
the popular Beechwood Park. Chepstow Road provides a number of mixed - use
properties and retail units and boasts excellent transport links being just 2
miles from Junction 24 of the M4 at the Coldra and 2 miles from the city
centre.
**Accommodation**
Ground Floor
418 Chepstow Road
Extending to approximately 450ft2 and currently in use as a beauty salon, the
unit provides reception/waiting area with two treatment rooms and ancillary
area while benefiting from frontage onto Newport Road. There is a second
access to the rear of the unit from the internal shared hallway along with
kitchenette and two toilets.
418A Chepstow Road
In excess of 365ft2 of commercial workspace having previously been in use as a
hairdressers. The unit provides an open plan salon and hair wash area with a
separate store / kitchenette area with access to the rear and toilet. The unit
is now vacant.
First Floor
The first floor flat provides a spacious two - bedroom flat which would benefit
from modernisation. The flat provides accommodation as follows:
Kitchen
Bathroom – with WC, electric shower and sink
Lounge – with bay window and fireplace
Bedroom 1 – double bedroom
Bedroom 2 – single bedroom
**Outside**
The property benefits from an enclosed courtyard in front of the single storey
unit.
**Rental Income**
Information available from the agents David James.
**Business Rates & Council Tax**
Diva’s Beauty Lounge – Rateable Value - £4, 600
First floor flat – Council Tax Band E
**Planning**
It is understood that the property has been utilised for commercial purposes
to the two ground floor units and for residential purposes to the first floor.
Prospective purchasers are advised to make their own investigations with the
Local Planning Authority.
**Tenure**
Freehold subject to current lease agreement on the ground floor commercial
unit 418 Chepstow Road. Vacant possession on completion on the rear ground
floor commercial unit 418A Chepstow Road and the first floor flat. Purchasers
are advised to make their own investigations in this regard.
**Rights Of Way & Easements**
The property is sold with any rights, easements or incidents of tenure which
affect it.
**Services**
We understand that the property benefits from a single mains water and
drainage supply, individual mains electric connections to each unit and two
separate mains gas supplies.
**Viewing**
Strictly by appointment with David James Tel:
**Local Authority**
Newport City Council –

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