Unit 28 Clearwater Road Queensway Meadows Industrial Estate Newport Gwent NP19 4SS

Unit 28 Clearwater Road
Queensway Meadows Industrial Estate
Newport
Gwent
NP19 4SS

Freehold Industrial Investment

14,657 sq ft Accommodation Entirely let to Dimenson 8 Limited
Good Access to A48 and M4 Motorway (Jcts 24 to 28)
Located in Established Queensway Meadows Industrial Estate
Close to Newport Retail and Leisure Park
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
78
Auction
23rd March 2016
Rent
£54,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund Manager

Interested?

Expand
Photos
Map

Freehold Industrial Investment

14,657 sq ft Accommodation Entirely let to Dimenson 8 Limited
Good Access to A48 and M4 Motorway (Jcts 24 to 28)
Located in Established Queensway Meadows Industrial Estate
Close to Newport Retail and Leisure Park
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 78
Auction 23rd March 2016
Rent £54,000 per Annum Exclusive
Status Sold Post
Price
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund Manager

Property Information

Location

Miles: 12 miles north-east of Cardiff
Roads: A4810, A48, M4 (Jct 24 to 28)
Rail: Newport Rail (14 mins to Cardiff Central)
Air: Cardiff International Airport

Situation

Newport is located some 12 miles north-east of Cardiff and benefits from good road communications via the A48 and M4 Motorway (junctions 24 to 28). The property is located to the south-east of the town centre on the established Queensway Meadows Industrial Estate, home to both national and local occupiers including Royal Mail, Europcar, Motor Point Newport and Celtic Recycling.

The property is a short distance from Newport Retail and Leisure Park, which is home to Cineworld Cinema, a number of restaurants, including Nando’s, Pizza Hut and McDonald’s, together with over 30 stores including H&M, Marks and Spencer, River Island, Boots and Tesco Extra.

Tenure

Freehold.

Location

Miles: 12 miles north-east of Cardiff
Roads: A4810, A48, M4 (Jct 24 to 28)
Rail: Newport Rail (14 mins to Cardiff Central)
Air: Cardiff International Airport

Situation

Tenure

Freehold.

Description

The property comprises a single storey detached industrial building, providing a large warehouse with office and ancillary accommodation over ground and first floors. The unit provides an eaves height of approximately 5.50m, with access via two roller shutter doors and separate access to the office area. The property additionally benefits from a secured site with a large yard area and parking for some 20 vehicles, offering a total site area of approximately 1.335 acres (0.54 hectares).

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground Ground First	Warehouse Office/Ancillary Office	1,153.35 sq m 111.85 sq m 96.43 sq m	(12,415 sq ft) (1,204 sq ft) (1,038 sq ft)	DIMENSION 8 LIMITED (1)	9 years from 31/07/2009 on a full repairing and insuring lease (2)	£54,000	30/07/2018
Totals		1,361.63 sq m	(14,657 sq ft)			£54,000

(1) Dimension 9 is an "all services" exhibition supplier, supplying floor covering, furniture, floral, graphics and electrical installation. (Source: www.dimension8.com 23/02/2016) They have been in occupation of the property, which is their company headquarters, since 2009.
(2) The lease provided an option to determine in July 2012 and July 2015, neither of which were exercised. The lease is subject to a schedule of condition.