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
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of a Major Fund Manager
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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.

Property Documents

  • Site Plan
    Updated Date
    01.03.16
    File Size
    79 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.03.16
    File Size
    171 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Irwin Mitchell LLP 40 Holborn Viaduct
London
EC1N 2PZ
Rupert Dowdell 0207 400 8721rupert.dowdell@irwinmitchell.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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