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12-14 Cambrian Road, Newport, NP20 4AB

United Kingdom
Mixed Use

Guide Price £825,000

Property Viewings

Viewings have not yet been scheduled for this property.

Property Summary

  • Freehold retail and residential investment
  • Part let to Tesco Stores Ltd (new reversionary lease agreed) (1)
  • Includes six self-contained modern flats all let on ASTs
  • City centre location
  • Fully let currently producing £123,032 per annum (reducing to £78,000 per annum after lease renewal) (1)
  • On the instructions of James Liddiment and Paul Greenhalgh of Kroll Advisory acting as Joint LPA Receivers

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Emily Davis
Vendor's Solicitor

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Emily Davis
Vendor's Solicitor


Property description

A mid terraced four storey building of traditional construction arranged over basement, ground and two upper floors. The ground floor is arranged as retail space with the basement providing ancillary storage accommodation and WCs. Both floors are currently let to Tesco Stores Ltd and total approximately 509.56 sq m (5,485 sq ft). The first and second floors were converted in 2017 to provide 6x modern one bedroom self-contained fully fitted flats totalling approximately 646.77 sq m (6,962 sq ft).


Newport is the third largest city in Wales lying approximately 12 miles north east of Cardiff and 30 miles north west of Bristol. It can be accessed via the A48, A4810, A402 and A4051, all of which provide direct access to the M4 motorway to the north, which can be accessed via junctions 23a to 26. Newport Central railway station provides regional and national rail services including regular direct services to London Paddington, with a journey time in the order of 1hr 40 minutes. 

Cambrian Road is one of the main pedestrianised shopping thoroughfares in the city centre. The property lies on its east side opposite the Cambrian Centre, which has recently undergone a large scale re-development, with Admiral Insurance being an anchor tenant in the scheme. The building is situated on the main pedestrian thoroughfare from the city centre to Newport Central railway station, which is less than a two minute walk away. Other notable occupiers in the area include NatWest, McDonalds, Wetherspoons, Greggs and HSBC. The property is in the centre of the town’s retailing core and benefits from excellent visibility from those leaving or going to the station. 


Newport City Council (01633 656656) - www.newport.gov.uk



Additional Details

FloorAccommodationSizeTenancyRent (£ pa)





226.68 sq m (2,440 sq ft)

282.89 sq m (3,045 sq ft)

Let to Tesco Stores Ltd for a term of 15 years from 11/07/2008 (1) (2)£75,032
FirstFlat 1One bedroom flatAST£7,800
FirstFlat 2One bedroom flatAST£7,800
FirstFlat 3One bedroom flatAST£8,700
SecondFlat 4One bedroom flatPeriodic tenancy£7,800
SecondFlat 5One bedroom flatAST£8,700
SecondFlat 6One bedroom flatPeriodic tenancy£7,200
TOTAL   £123,032 (1)

(1) A reversionary lease renewal has been agreed at £30,000 per annum for a term of 5 years from lease expiry subject to a tenant's break clause after 18 months and three years, subject to 6 months' prior written notice (refer to legal pack).

(2) Tesco Stores Ltd is a wholly owned subsidiary of Tesco PLC, which was founded in 1919. It has become the UK's largest retailer and the third largest grocery retailer in the World, currently operating from 7,000 outlets nationwide and employing 275,000 staff. For the year ending 26/02/2022 the tenant reported a turnover of £44,793,000, a pre-tax profit of £1,260,000 and shareholders' funds of £8,220,000 (source: Companies House).



Please refer to Legal Documents

Energy Performance Indicator

Copies of the various EPCs for the building can be found within the Legal Pack

*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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