A town centre commercial building in Newport that houses an electronics business is being marketed for purchase.

The Commercial Street premises are subject to a lease with CEX Limited extending until June 2033, described as occupying a prime high street position.

The freehold interest is being sold with minimum bids set at £295,000.

The building spans 6,173 square feet and currently produces rental income of £30,000 per year.

The tenant occupies the property under a ten-year agreement signed in June 2023, with a clause permitting termination after five years.

The lease arrangement includes open-market rent reviews at five-year intervals together with full repairing and insurance responsibilities.

CEX Limited maintains 390 branches throughout the United Kingdom alongside more than 210 overseas locations, specialising in technology, computing, gaming, and repair services.

Company accounts show turnover of £181 million for 2024 alongside pre-tax profits of £4.9 million.

The premises sit on the eastern section of Commercial Street close to the Austin Friars junction, forming part of the pedestrian shopping district.

Nearby traders include Santander, Boots, Next, Costa, the vacant former WH Smith unit, Starbucks, and O2.

The property consists of a basement level, ground floor, and three additional storeys.

The principal retail unit occupies the ground floor, with supplementary selling space located in the basement and on the first floor.

The upper levels accommodate storage rooms, managerial offices, and accommodation for staff members.

The property’s gross shop front measures 23 feet 4 inches, with a net frontage of 19 feet 4 inches.

The retail depth reaches 105 feet 8 inches.

The basement selling area extends to 718 square feet, complemented by 1,020 square feet of basement storage.

The ground floor selling space covers 1,930 square feet, while the first floor retail zone measures 1,525 square feet.

Storage and staff areas on the second floor total 620 square feet, with the third floor providing 360 square feet of storage space.