Retail premises for sale in Port Road, Newport NP20

Guide price £3,400,000 (£666.67/sq. ft)
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Retail premises for sale 5,100 sq. ft*

Property features

  • Investment

Property description

The food park is located to the west of Newport city centre with easy access to Junction 28 of the M4. Newport is Wales’ fastest growing city according to Welsh Government statistics with a current population of approximately 154,000.

J28 and Mendelgief Retail Park are in the immediate vicinity where occupiers include Sports Direct, Halfords, Smyths Toys, tk Max, The Range, and B&M Bargains. There are also numerous other commercial and residential occupiers close by including the Royal Gwent Hospital.

The park comprises two drive thru units of 1800 sqft each and one stand alone unit benefitting from 64 car spaces. The development was completed in 2022 and provided Wales first Greggs Drive Thru and the new concept Starbucks Drive Thru. While Dominos occupy the standalone unit which serves the west of Newport with pickup and deliveries.

The freehold interest is available at a quoting price of £3,400,000, equating to a Net Initial Yield of 4.93% assuming purchaser’s costs of 6.84%.

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
Emanuel Jones, CF15 on +44 29 2227 9924 * (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 Emanuel Jones, and do not constitute property particulars. Please contact Emanuel Jones 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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