Papa John’s, Newport, Wales

 

94/96 Chepstow Road, Newport, Gwent, Wales, NP19 8ZY

Offers in excess of
£190,000
Acquired
Type - Commercial
Tenant type - Restaurant
  • Tenure: Freehold
  • Gross Rent: £12,100
  • Gross Yield: 6.4%
  • Lease Term: 15 years from Feb '17
  • VAT applicable?: Y

Property Description

  • Freehold Blue-Chip Takeaway and Ground Rent Investment.
  • The property is arranged on ground and two upper floors to provide a ground floor shop currently trading as a takeaway.
  • The upper floors have been sold off on a long lease.
  • Externally to the rear, the property benefits from 2 car parking spaces.
  • There is also a public car park directly opposite the property.

Location Description

  • The cathedral and university city of Newport is the principal administrative and commercial centre for Gwent. It is situated 13 miles east of Cardiff, 16 miles west of the Severn Bridge and benefits from excellent road communications, being adjacent to junctions 24-28 of the M4 Motorway.
  • There are regular InterCity services to London (Paddington).
  • The property is located on the south side of Chepstow Road (B4237), close to its junction with Speke Street, in a predominantly residential area within 1 mile to the east of the city centre.
  • Occupiers nearby include Lloyds Bank, Boots, Post Office and Betfred, amongst other local traders.

Tenancy & Accommodation Schedule

Tenancy & Accommodation Schedule

Your Agent for this listing

PV000239

Nilesh Patel ACA

0203 113 2142
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