Summary
TO LET / (May Sell) - High bay Distribution Centre with Cold Store capability set upon a site of 20.24 acres adjacent to M4.
Location
The town of Chepstow lies close to the border between England and Wales. Chepstow is located circa 203 km (126 miles) West of London and 29 km (18 miles) North West of Bristol via the M4 and M48 Motorways. Cardiff, the Capital City of Wales is located approximately 49.1km (30.5 miles) to the West. The Estate popular with high profile occupiers who run regional distribution centres from the area. Newhouse Farm Distribution Centre is efficiently located just West of the River Severn, immediately South of Junction 2 of the M48 Motorway. The Newhouse Farm Distribution Centre comprises of approximately 15 industrial units including distribution warehouses occupied by ASDA, Osborn International, Mabey Group, Zenith Group and Bond International.
The property was built specifically for Tesco in 1988 and comprises a temperature controlled distribution warehouse and ancillary offices, gatehouse, lorry and trailer parking and separate car parking. The property extends to approximately 8.2 hectares (20.24 acres), which provides a site coverage of approximately 32%.
The warehouse is of steel portal frame construction with full height plastic coated profiled metal clad elevations, incorporating integral insulation and internal composite panels. The roof has been overclad to utilize plastic coated profile metal cladding and incorporates GRP skylights and ventilation louvers. There is a clear eaves height of approximately 10.5m (34 ft). The floors are of a suspended reinforced concrete design. The warehouse benefits from 57 loading bays located along the north and south elevations. The property benefits from ancillary office accommodation which is arranged over three storeys totaling approximately 16,659 ft2 (1,548 m2).
This office accommodation is of steel portal frame construction, separate from the portal frame construction of the main warehouse and utilises a shallow mono-pitched roof with profiled metal cladding incorporating double glazing at ground and two upper floors.
The property includes extensive lorry and trailer parking to the north and south elevations, and car parking is provided at the west and south elevations.
Availability
The property has the following approximate gross internal area:
| Description | sq ft | sq m |
| Main Warehouse | 248,975 | 23,130 |
| Main Offices (Three Storey) | 16,659 | 1,548 |
| Additional Offices | 9,996 | 929 |
| Ancillary Buildings | 6,667 | 619 |
| TOTAL | 282,297 | 26,226 |
Terms
The entire property is let to Tesco Distribution Limited for a term of 15 years from 23rd March 2006. We are instructed by Tesco to seek an underletting of the whole until lease expiry in March 2021.
Viewings
Strictly by appointment with the sole agents.