Summary
| Property Type | Investment |
| Tenure | For Sale |
| Size | 23,982 sq ft |
| Price | Offers in the region of £1,100,000 |
| Rates Payable | Upon Enquiry |
- Opportunity to acquire a high yielding office investment, in a well-established South Wales business park on the M4 Motorway.
- Situated in the established Cleppa Park with nearby occupiers including Airbus, Lloyds Bank, Porsche and Steria Ltd.
- Freehold Office Building of 23,982 sqft NIA.
- Let to established covenants of Newport Norse Ltd (a joint venture with Newport Council ) and B. Braun Avitum (UK) Ltd (on behalf of the NHS).
- Newport Norse have invested heavily in their own fit out and recently expanded within the building, demonstrating a commitment to this operation.
- Current rent of £119,570 per annum reflecting very low rent of £4.99 psf
- Fixed rental uplift to £139,959 per annum in March 2025 if break options not exercised
- Significant potential for rental growth with ERV of £9.00 psf
- Seeking offers of £1,100,000 (One Million One Hundred Thousand Pounds) subject to contract and exclusive of VAT. Assuming purchasers costs of 5.78% this reflects NIY of 10.28%
Location
Newport rail station is located approximately four miles from Cleppa Park and provides transport links to Cardiff, Bristol and London with attractive journey times of 10 minutes, 20 minutes and 1 hour and 50 minutes respectively. J28 is adjacent to the property and provides easy transport links to all three cities via the M4. Cardiff and Bristol airport are located 21 miles and 37 miles respectively from the property.
Mainline Stations
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Pye Corner23 mins
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Newport (South Wales)46 mins
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Rogerstone50 mins
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Risca and Pontymister73 mins
Underground Station
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Reading1721 mins
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Twyford1809 mins
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Maidenhead1922 mins
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Taplow1956 mins
Downloads
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