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
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.
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
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.
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.
Contacts
Seller's Solicitors
Irwin Mitchell LLP 40 Holborn Viaduct London EC1N 2PZ
