The property comprises a detached purpose built retail warehouse of steel portal frame construction. Elevations are of brick/block together with profile metal sheet cladding above. The minimum eaves height is approximately 5.47m. Internally, the property provides open plan sales space together with ancillary offices, WC’s and staff accommodation.
Access to the unit is via two electronically operated roller shutter doors towards the rear of the eastern elevation.
Externally, to the rear of the property is an attached “greenhouse” together with an enclosed external storage / display area. The remainder of the site provides circulation, parking and servicing areas.
Location
The City of Newport is located in a prime strategic location close to the border of England and Wales. It benefits from excellent access to the M4 motorway and wider motorway network and provides regular train services to London Paddington. The City has an immediate population of approximately 137,000.
The property is situated on Maesglas Retail Park approximately 1 mile south of Newport City Centre. The park is home to occupiers including Carpet Right, Buyology ,Terry Howells Builders Merchants and Plumb Centre.
Accommodation
The property provides the following approximate gross internal areas:-
Retail Warehouse - 3,222 sq m (35,758 sq ft)
Greenhouse - 206.64 sq m (2,224 sq ft)
The total site area is approximately 1.01 hectares (2.5 acres).
Terms
PLANNING
We understand that the property benefits from planning consent for “the sale of DIY products, furniture, carpets, garden related products (garden centre), live pets and associated pet food / ancillary products and for no other uses within class A1 Shops of the Town & Country (Use Classes) Order 1987 without the prior written consent of the local authority”. However, we recommend that interested parties make their own enquiries to the local authority.
LOCAL AUTHORITY
Newport City Council:
Tel: 01633 656656
RATING ASSESSMENT
RATEABLE VALUE (DRAFT 2017): £XXX
RATES PAYABLE: (DRAFT 2017/18) £XXX pa
TENURE
The property is available on flexible lease terms and we are quoting £XXX per annum, exclusive. Alternatively, we are quoting £XXXm exclusive for the freehold interest.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in any transaction.
EPC
Energy Performance Asset Rating - C(51)
Specification
- Retail Warehouse To Let
- Established Out of Town Retail Location
- Close to City Centre and Southern Distributor Road
- May Suit Alternative Uses (Subject to Planning)