Commercial development

The property comprises character accommodation within Newport Market Hall. This Italianate, Grade II listed building was purpose built as an indoor market hall in 1860 and later utilised as a town hall and social venue with a court room on the ground floor.

The subject premises is situated on the first floor of the building and comprises a former Ballroom, most recently utilised as a fitness studio and function venue. The accommodation is self-contained, having a private access from the ground floor directly off Stafford Street.

Internally, stairs rise from the ground floor to a good sized landing area midway, with a further small set of stairs leading to a large function room, off which are three additional rooms/stores. The main area benefits from high ceilings with Cornice edging and three ceiling roses, completed by almost full height windows and wooden board flooring.

The property has the use of communal WC facilities within the market hall.

Newport is a market town in North Shropshire with a population of circa 15,000. It lies on the Shropshire and Staffordshire border approximately six miles north of Telford and twelve miles west of Stafford. There is easy access to Telford via the A518 and the A41 links with Junction 3 of the M54 motorway some seven miles to the south.

The property itself enjoys a prominent position in the centre of the town, being situated at the roundabout junction between High Street, Stafford Street and St Mary's Street. Newport benefits from a long established retail core along the High Street, which connects with St Mary's Street close to the centre of of the town.

Size: 3,102 sq ft (288.19 sq m)

Rent: £12,000pa

Accommodation:
Ground floor entrance with stairs
Mid landing area with stairs 495 sq ft 45.99 sq m
First floor entrance reception 151 sq ft 14.03 sq m
Hallway 371 sq ft 34.47 sq m
Main function room 1,830 sq ft 170.01 sq m
Stores 255 sq ft 23.69 sq m
Total Area 3,102 sq ft 288.19 sq m

Services: We understand that all mains services are available or connected to the property. It should be noted that we have not tested these services and interested parties should make their own enquiries.

Planning: The property may be suitable for a variety of commercial uses, subject to the necessary planning consent. Interested parties are advised to make their own enquiries via the Local Planning Authority.

Tenure: Leasehold - the property is available to let on a new lease on terms to be negotiated. Please contact the agent for further details.

Local Authority: Telford & Wrekin Council, Addenbrooke House, Ironmasters Way, Telford, TF3 4NT. [use Contact Agent Button].

Rateable Value: According to the Valuation Office Agency website the rateable value of the property in the 2017 rating list is £8,700 with a future estimated rateable value (from 1 April 2023) of £9,900.

Energy Performance Certificate: An EPC is no applicable as the market hall is a Grade II listed building.

VAT: All figures quoted are exclusive of VAT, which may be payable at the prevailing rate.

Legal Costs: Each party to be responsible for their own legal costs in connection with this matter.

To View this Property: Please contact our Newport Office, 45/47 High Street, Newport, TF10 7AT on[use Contact Agent Button] or email us [use Contact Agent Button]