Newport Market rental information
Posted on Friday 29th April 2016
Newport City Council regularly reviews the rents charged at Newport Market. It offers a wide variety of unit sizes and corresponding prices, inclusive service charges, together with flexible lease length terms.
Rents charged by private landlords in the city centre also have a wide range, and are often based on long-term lease contracts. The rateable value of shops that front onto city centre streets will also vary considerably from the rateable value of a market stall, which are in the main exempt from rates payments due to the small business rates relief which is beneficial to small businesses.
Both Newport Market and privately owned shops can provide business opportunities that meet the needs of different business models, and a vibrant city centre will attract entrepreneurs who can see the benefit of both models and operating arrangements.