High Yielding Retail Investment – New Letting from August 2020

151 Commercial Street | Newport | Gwent | NP20 1JT


subject to contract

Click To Purchase

Coronavirus Act 2020

The property is sold with the benefit of a six month rent guarantee to ensure an investor has no issues receiving income in light of the Coronavirus Act 2020 Part 1 Section 82.  This is no reflection upon the tenants ongoing ability to meet their rental obligations but an understandable protection for a purchaser.


  • Prime retailing pitch

  • Tenant has committed to a lease during COVID-19

  • New letting from August 2020

  • Secure covenant – Cardzone Limited (Net Assets £8.145m)

  • Freehold

  • £360,000, subject to contract

  • 8.0% net initial yield



Newport is located approximately 22 km (14 miles) north east of Cardiff, 40 km (25 miles) north west of Bristol and 217 km (135 miles) west of London.

The city benefits from good road communications via Junctions 24 to 28 of the M4 Motorway, which provide easy access to Cardiff and Swansea to the west and Bristol and London to the east. The M4 Motorway also links to the M5 Motorway, which provides access to the Midlands and Northern England.

There are regular train services to London’s Paddington with a fastest journey time of 1 hour 46 minutes. In addition, Cardiff International Airport is approximately 42 km (26 miles) to the south west and Bristol International Airport is some 48 km (30 miles) to the south east.


Commercial Street is Newport’s principal pedestrianised retail thoroughfare. The subject property is situated in the prime section of Commercial Street, close to its junction with Llanarth Street. Surrounding occupiers include TSB Bank (adjacent), Boots, Superdrug, Primark, Greggs and Nationwide.

The Kingsway Shopping Centre is also in close proximity. Comprising over 250,000 sq ft with over 1,000 car parking spaces, the centre is home to more than 20 high street stores including Sainsburys, Wilko, B&M, Pure Gym, Starbucks and Poundland. Located next to the Central Library it also adjoins the £100 million Friars Walk shopping and leisure complex with more than 36,230 sq m (xx sq ft) of retail and leisure space including cinema, shops, restaurants, a 350-space car park and bus station. Tenants within Friars Walk include H&M, JD Sports, River Island, Marks & Spencer, Carphone Warehouse, Nando’s and Wagamama.



The property comprises a ground floor retail unit with ancillary accommodation on two upper floors. Internally, the unit has been fitted out by the tenant to their usual corporate style. A loading yard is provided to the rear of the property.


The property has been measured by BKR Floor Plans and provides the following Net Internal floor areas:

Net Frontage 4.80 m 15’9”
Gross Frontage 6.48 m 21’3”
Zone A 35.39 sq m 381 sq ft
Zone B 34.93 sq m 376 sq ft
Zone C 33.82 sq m 364 sq ft
Remainder 36.70 sq m 395 sq ft
ITZA     709
Total Ground Floor 140.84 sq m 1,516 sq ft
First Floor Ancillary/Storage 107.02 sq m 1,152 sq ft
Second Floor Ancillary 51.10 sq m 550 sq ft
Total 298.95 sq m 3,218 sq ft

A set of floor plans is available to download and the measured survey report will be re-addressed to a purchaser at a cost of £595 + VAT.





A new open market letting occured in August 2020 during the COVID-19 Pandemic.

The property is let to Cardzone Limited, t/a Card Centre, on a Full Repairing and Insuring lease (subject to a Schedule of Condition – see data room) for a term of 5 years from 17th August 2020, expiring on 16th August 2025.

The current passing rent is £30,000 per annum. Based on our analysis the passing rent equates to approximately £33.50 Zone A.

The tenant currently benefits from a rent-free period which expires on 17th November 2020. The vendor will “top-up” the income by an appropriate adjustment on the completion sum in order that a purchaser does not suffer an income shortfall.



Cardzone Limited (Co. No. 04639036) has reported the following figures;

  29th June 2019 30th June 2018
Turnover £32,104,627 £31,033,164
Pre-Tax Profits £3,104,887 £3,515,065
Net Assets £8,144,742 £5,817,101

The group has continued to grow its existing portfolio and was operating from 126 stores at the period-end (2018: 115 stores).

Established in 2005, Cardzone is a family run business, running its stores independently all over the UK, including Scotland, Wales and Northern Ireland. The company trades under multiple names such as Cardzone, Hallmark, Paper Kisses, Card Centre and Home & Fragrance. It sells a wide selection of cards, as well as gifts, gift bags, gift wrap, bows, ribbons, balloons, candles, confectionary and more. With over a third of its stores holding a franchise with Thorntons, Cardzone is their biggest multiple franchise retailer in the UK.

For further information please visit www.cardzoneltd.com.


The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).



We are instructed to seek offers in the region of £360,000 (Three Hundred and Sixty Thousand Pounds), subject to contract, reflecting a net initial yield of 8.0%, assuming purchaser’s costs of 3.61%.

Please note a purchaser will be charged a Transaction Fee of 1% of the Sale Price plus VAT.

Investment Considerations

  1. An opportunity to acquire a city centre freehold retail investment;

  2. The property occupies a prime retailing pitch;

  3. New 5 year lease from August 2020;

  4. The tenant has committed to a lease during the COVID-19 pandemic, demonstrating their desire to occupy the subject property;

  5. The investment provides secure income, being let to Cardzone Limited (Net Assets £8.145m);

  6. Attractive lot size to an investor;

  7. A purchase at the asking price reflects an attractive net initial yield.


Data Room and clicktopurchase®

Access to the data room and for the ability to purchase online with speed and ease, please click the clicktopurchase® “C” icon or the clicktopurchase® side bar. Purchasers will be able to access the complete legal package, clear verification and submit legally-binding offers to acquire the property.

Purchasers benefit from the trust, security and transparency provided by the platform. All activities, including the online contract execution, will form part of the electronic audit trail which is anchored in the clicktopurchase® Blockchain.

clicktopurchase® provides the opportunity for any investor, whether located UK or abroad, to uniquely purchase online with ease and certainty. To learn more about clicktopurchase®, click here.



We have established relationships with a number of leading finance companies who are in a position to quote terms for suitable situations. To learn more, please visit our “Finance” section.

Contact Us

Singer Vielle   +44 (0) 207 935 7200
Neil Singer neil@singervielle.co.uk +44 (0) 203 478 9120
Dale Henry dale@singervielle.co.uk +44 (0) 203 701 1356
Jon Skerry jon@singervielle.co.uk +44 (0) 203 995 6211

Vendors Solicitor

Quinta Law LLP   +44 (0) 203 002 9500
Jonathan Daniels jonathan@quinta.law +44 (0) 203 326 6423