Industrial for sale in Turner Street, Newport NP19

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 situated on Turner Street, on the outskirts of Newport
city centre. It is well located for serving the city centre but also provides
easy access to the M4 at junctions 25 or 26.

Surrounding occupiers are largely residential but there are other
industrial occupiers close by including a range of local and regional
occupiers.

Description

The property provides a detached two storey building providing
warehouse and office accommodation.

The ground floor provides predominantly warehouse space with a
small “goods in” area, office reception (with direct access) and WC.

Access to the warehouse is via two roller shutter doors, the largest of
which measures approximately 1.58m wide x 2.48m high. The floor to
ceiling height is approximately 2.39mm in the warehouse.

The first floor provides a mixture of storage space and offices, together
with a kitchen and toilet facilities. The property benefits from strip
lighting (diffused in the offices), gas central heating, security and fire
alarms, CCTV and double glazed windows. Offices benefit from
carpeted floors and perimeter trunking.

Externally, there is an enclosed, secure yard area to the front of the
property big enough to fit 4-6 cars, if parked behind each other.

Accommodation

Ground floor: 221.80sq m (2,388 sq ft)
First floor stores: 38.59 sq m (415 sq ft)
First floor offices: 89.55 sq m (964 sq ft)
Total: 349.94 sq m (3,767sq 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 City Council:
Tel: Rating assessment
rateable value: £8,700
rates payable: £4,655*
*most businesses will qualify for a discount on this for small business
rate releif. This would reduce the rates payable to c. £2,095 per annum.
Interested parties should make their own enquiries to Newport City
Council.

Tenure

The property is held long leasehold 999 years from 4th November
1925, so in excess of 880 years remaining (effective freehold). We
understand that no ground rent demands have been made during
our clients ownership.

Terms

We are seeking offers in excess of £225,000 exclusive of VAT.