Online and Caradog House, Cleppa Park, Newport
Newport, NP10 8BA

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Max Wood

The Agent

Max Wood

02920 346336
Nick Lawley

The Agent

Nick Lawley

02920 346333

Download the Brochure



  • 43,176 sqft (4,011 sqm)
  • For sale
  • Offers in excess of £2,710,000

The specification includes;

  • Opportunity to acquire a high yielding office investment, in a well established business park.
  • Well located on the M4 corridor with excellent transport links being adjacent to the A48 and J28 of the M4 Motorway.
  • Situated in the established Cleppa Park with nearby occupiers including Airbus, Lloyds Bank and Steria Ltd.
  • 43,176 sq ft arranged in two office buildings.
  • → Current rent of £259,570 per annum reflecting very low rent of £6.01 psf.
  • Seeking offers in excess of £2,710,000 (Two Million, Seven Hundred and Ten Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 8.95% (assuming purchaser’s costs of 6.98%) and a low capital value of £62 psf (below replacement value).

Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.

Cardiff Waterside is a significant property holding for Aviva Investors at almost 500,000 sq ft. Our experiences show the benefit of working with a regional specialist where occupational markets can be unlocked with a good team with excellent local contacts. Ben Bolton and his team have done this for us for many years and been fundamental to our success and a very low void rate in Cardiff.

Matthew Leach, Arriva Capital Waterside