Industrial to let in Unit 18, Newport Business Centre, Corporation Road, Newport NP19

Description

Mid-terraced light industrial / warehouse currently benefitting from an element of small business rates relief.

Location

Newport Business Centre is an established industrial and distribution estate located approximately 1.5 miles to the south east of the city centre of Newport. Corporation Road links to the Newport southern distributor road providing excellent road links to the M4 via junctions 24 to the east and 28 to the west. The estate is in close proximity also to abp Port of Newport and Newport Retail Park.

Accommodation

2,314 sq ft (214.97 sq m). Gross Internal Area

Truss roof construction - minimum eaves height 4.5 metres

1 No. Level roller shutter door, width 4.2 metres, height 4.2 metres

WC facility

Estate benefits from CCTV and 24 hour access

Unit currently qualifies for an element of small business rates relief (16.6%)

Tenure and terms

Unit 18 is available by way of a new full repairing and insuring Lease for a term of years to be agreed.

Rent / price

£15,000 per annum (Excl.) VAT payable in addition.

Rateable value

Rateable Value £11,000 (2023) List, Current Multiplier 56.2 pence, rates payable £6,182 per annum* Currently qualifies for an element of small business rates relief (16.6%) contact Newport Council for additional information.

Estate service charge / building insurance

An estate service charge is levied to cover the cost of the maintenance and upkeep of the common parts of the estate. The current annual estate maintenance charge applicable for Unit 18 is £1,645 per annum. VAT payable in addition. Year ending March 2025.
The Landlord insures the Building (not contents) the current annual premium is £634 per annum (Excl.)

Legal costs

Each party responsible for their own legal and professional costs.

Energy performance certificate

D-85

Further information

Please contact joint agents Jenkins Best or Knight Frank / Cooke & Arkwright.