Unit 4 Stephenson Street, Unit 4, Casnewydd
Newport, Casnewydd, NP19 4XB

Stephenson Street is an established industrial and distribution estate located approximately 1.5 miles to the south east of the City Centre of Newport. Corporation Road links to the Newport southern distributor road providing excellent road links to the M4 via junctions 24 to the east and 28 to the west. The Estate is in close proximity also to ABP Port of Newport and Newport Retail Park and surrounding occupiers include SPTS, Eaton Electrical and DVSA.

Description

The property is of steel portal frame construction, providing a minimum height of 6.1 metres and maximum eaves height 7.3 metres. Access is provided via a single level roller door (width 4.4 metres, height 4.9 metres) leading to an open plan warehouse accommodation with ground and first floor offices, kitchen and WC facilities. To the front of the property a generous shared forecourt for loading/unloading and car parking.

The specification includes;

• Modern light industrial / distribution unit
• Excellent road connectivity - close to Newport Southern Distributor Road and M4 Motorway
• Gross Internal Area - 9,093 sq ft (844.76 sq m)
• Minimum eaves height 6.1 metres
• Maximum eaves height 7.3 metres

Current Lease Terms

The property is available on a Sub-Lease / Assignment with 3.5 years remaining on the current lease. Lease commencement date: June 2022; Lease expiry date: June 2027. A surrender and granting of a new lease will be considered subject to negotiation.

Business Rates

£25,431 per annum. The Tenant is currently recieving a 80% deduction on the Business Rate (Tenant Paying £4,617 per annum). Interested Parties should make their own enquiries with Newport Council.

Service Charge

£3,238 per annum

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.