Office for sale in Willenhall Street, Newport NP19
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Investment Property for Sale
- Currently let to Blue Cross until 21 September 2023
- Low passing rent of £19,500 pa
- Asset management options to regear / relet / repurpose
- Approximately 3,057 Sq Ft (283.96 sq m)
- Seeking offers in excess of £299,950 exclusive
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 Willenhall Street, which is just off
Corporation Road. Corporation Road being one of the main arterial
routes into Newport City Centre. Access to the M4 Motorway is 2
miles away. Nearby occupiers include the Rugby Surgery, Flying
Start, date Electronics Supplies and bj Security.
Description
The property is a two-storey building formerly used and a doctors
surgery and currently being used as an animal clinic. The
accommodation is largely cellular but with the potential for open plan
accommodation.
The building benefits from, gas central heating, single and 3 phase
power, fire alarm, security alarm and CCTV. A mixture of strip and
spot lighting, partly carpeted and partly non-slip vinyl floors. In
addition to a large reception area and numerous consultation rooms, there is a kitchen, toilets and shower facilities. Part of the first floor
hasn’t been “fitted out” and is currently used for storage purposes.
Externally, the property provides two separate car parking areas
available to the rear of the property, one of which is gated and fenced.
Approximately 20 spaces are provided in total. There is also an
undeveloped piece of land at the northern boundary of the site.
Accommodation
Ground Floor 206.78 sq m (2,226 sq ft)
First Floor 77.18 sq m (831 sq ft)
Total: 283.96 sq m (3,057 sq ft)
Tenancies
The property is let to Blue Cross on a Fri lease, subject to a schedule
of condition, expiring on 21st September 2023. The current rent is
£19,500 per annum, exclusive.
We understand that the current tenant is potentially interested in
staying but no further conversations have taken place.
Asset management opportunities
We think the property provides a number of asset management
angles to include:-
• Regear lease with existing tenant
• Relet the property to alternative user at higher rent
• Consider alternative uses for the building
Tenure
We understand the property is held freehold. We have been asked
to seek offers in excess of £299,950
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
M4 Property Consultants, NP20 on +44 1633 371863 * (local rate)
Disclaimer
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.