Industrial to let in Units 1-5, Queensway Meadows, Newport NP19

Description

Well located warehouse with large self-contained yard.

Location

The property is strategically on the south eastern side of Newport at Queensway Meadows. Accessed via the Newport Southern Distributor Road. The sdr provides an excellent link to the M4 Motorway at Junctions (28) West and (24) East.

Accommodation

The premises comprises a modern warehouse / unit totalling 850.05 sq m (9,150 sq ft) Gross Internal Area.

Tenure and terms

The property is currently occupied by Project Power who are looking to relocate to larger premises (expansion need). The current Lease expires in February 2026 however a new longer Lease is available direct with the Landlord.

Rent / price

£55,000 per annum (Excl.) VAT applicable (Year 1)

Rateable value

There are currently 2 separate assessments (from April 2023) Units 1-3 rv £29,250, Units 4-5 rv £19,750 (Combined rv £49,000) Multiplier 53.5 pence 2023. Rates payable combined £26,215 per annum Excl. For additional information please contact Newport Council.

Estate service charge / building insurance

Estate service charge - not applicable. Current annual Building insurance premium £1,900 Excl.

Legal costs

Each party responsible for their own legal costs.

Energy performance certificate

New assessment being undertaken.

Further information

For additional information or to arrange a viewing please contact the sole agents - Jenkins Best