Industrial for sale in Broad Quay Road, Newport NP19

£600,000 (£39.82/sq. ft)
Industrial for sale 15,067 sq. ft*
Interested in this property? Call +44 1633 371863 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location


The City of Newport is located in a prime strategic location close to the border of England and Wales. It benefits from excellent access to the M4 motorway and wider motorway network and provides regular train services to London Paddington. The City has an immediate population of approximately 137,000.

The property is located on Broad Quay Road in an area known as Felnex Industrial Estate, close to Newport Transporter Bridge. It provides easy access to the Southern Distributor Road and the M4 motorway.


Description


The property provides a detached industrial / warehouse unit, set on a site of approximately 1.1 acres.

The warehouse is of steel portal frame construction with brickwork and profile metal sheet cladding, under a mono pitch roof. Access to the warehouse is provided by a roller shutter door on either side of the unit, each measuring 5.3m wide by 4.8m high.

Internally the warehouse benefits from a eaves height of 8.5m. However, there are currently three gantry cranes installed (1x 5 tonne, 1x 20 tonne and 1x 25 tonne) which reduce the working height to 7.0m. The warehouse also benefits from wc’s, kitchen and small canteen area.

The offices provide wood laminate floors, perimeter trunking, strip lighting and heater. Wc’s and a kitchenette are also provided.

Externally the property benefits from land to both sides and the rear providing loading and parking areas and external storage.


Accommodation


Warehouse / wc’s / kitchen 1,285.74 sq m (13,840 sq ft)
Offices / wc’s / kitchenette 113.99 sq m (1,227 sq ft)
total 1,399.73sq m (15,067 sq ft)


Planning


We understand that the property benefits from planning consent for industrial use. However, we recommend that interested parties make their own enquiries to the local authority.


Local authority


Newport Council:
Tel: Rating assessment
rateable value: £44,000
rates payable: (2020/21) £23,540 pa


Legal costs


Each party will be responsible for their own legal costs incurred in any transaction.


Tenure


The property is available by way of a new lease direct with the landlord on flexible terms. We are quoting a rent of £60,000 per annum, exclusive. Alternatively, we are quoting £600,000 exclusive for the freehold interest.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
M4 Property Consultants, NP19 on +44 1633 371863 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by M4 Property Consultants, and do not constitute property particulars. Please contact M4 Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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