Retail Unit Let in Newport

M4 Property Consultants are delighted to confirm the letting of a retail unit in Newport at 163 Caerleon Road. The property has been let to a husband and wife who are opening a Newport showroom for the UK’s number one kitchen renovation company, Dream Doors.

The property had only been listed with M4 Property Consultants for a short time when a deal was agreed for the landlord to undertake some works to the property, in return for a 10 year lease being signed. The unit which comprises just over 1,000 sq ft was let at the quoting rent of £12,000 per annum, following a number of expressions of interest.

Dan Smith, director of M4 Property Consultants said, “The prominent location and layout of the building is ideal for a showroom. We received a good level of interest but choose Nicholas and Catherine who have a clear business plan and are backed by a national company who are expanding rapidly across the UK. We are delighted they have chosen this unit and wish the business every success.”

Dan went on further to say “Even we were surprised by the level of interest in this property. It clearly shows that there is still demand for retail space in the right location, offered on the right terms.”

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