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
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 alternatively offered for sale freehold with vacant possession.Verbal enquiries were made to the local authority and we were advised as follows:
Business Rates (2015/16: £8,520, Rateable Value : £45,250