Industrial to let in Libeneth Road, 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. The City has an
immediate population of approximately 137,000.
The property is located on Libeneth Road, which is 2 miles from the
city centre in an established industrial location. Nearby occupiers
include the Newport mot and Repair Centre

Description

The property provides two industrial units of steel frame construction
and concrete floors. The units are of identical construction and are
connected via a pedestrian access door., which can be locked if the
units are to be let separately.
The units benefit from wall mounted three phase power, strip lighting
and a minimum eaves height of 3.19m. Access to the property is via
a pedestrian door and a roller shutter door for each unit of 2.99m by
2.99m. Each unit has separate office accommodation and WC
facilities.
There is secure and gated access to the property including a yard
area suitable for storage and parking.

Accommodation

Unit 2A unit 2B total
Warehouse 97.23 96.59 193.82
Office 8.97 8.97 17.94
WC 3.92 3.92 7.84
Total: 110.12sq m 109.48sq m 219.60 sq m
(1,185 sq ft) (1,178 sq ft) (2,364 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 City Council:
Tel: Rating assessment
unit 2A unit 2B
rateable value: £4,400 £4,250
rates payable: £2,354 £2,273
Some occupiers may qualify for “small business relief” which will provide a
discount or full exemption on the above figures. Interested parties should
contact Newport City Council for more information.

Energy performance certificate

Certificates are available for both units with an E rating, available on
request.

Tenure

The units are available to lease together or separately on a full
repairing and insuring lease. We are quoting a rent of £10,000 per
annum, exclusive for each unit.

VAT

We are advised that the property is not elected for VAT. However, interested parties are advised to make their own enquiries.