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£15,000 per annum

Exchange Bar, Regent Centre, Broad Street, Newtown SY16 2NA

21506 Sq ft.

The property is located at the junction of Broad Street with Back Lane in the Town

Centre of Newtown.

Newtown is an established market town and administrative centre serving the county of Powys. The town has a population of 11,375 people with a significant catchment population.

Newtown is situated approximately 34 miles from the town of Shrewsbury and 14

miles from the town of Welshpool.

The substantial four story property provides a Total Gross Internal Floor Area of

approximately 21,506 sq ft (1,998 sq m).

The property is currently arranged to provide a licenced bar area on the ground floor and a nightclub and cinema arranged over the upper floor levels. The property is Grade II Listed and could potentially lend itself to a variety of leisure based and alternative uses, subject to the relevant statutory consents.

The property benefits from a car parking area. The property is of traditional

construction and the full potential of the building can not be fully appreciated without undertaking a full inspection of the property.(All measurements are approximate)

The property has been measured on a Gross Internal Floor Area Basis

Ground Floor 6,410.55ft sq (595.56 m sq)

First Floor 6,090.86ft sq (565.86 m sq)

Second Floor 6,090.86ft sq (565.86 m sq)

Third Floor 2,914.00ft sq (270.72 m sq)

Total Site Area 21,506 ft sq (1,998.00 m sq)The property is available to let on a new lease for a length of term by

negotiation. The lease is to be granted on a Tenants Full Repairing and

Insuring Terms.Verbal enquiries were made to the local authority and we were advised as follows:

Business Rates (2015/16: £8,520, Rateable Value : £45,250


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