Unit B2, Newport Business Centre, Corporation Road, Newport
Newport, NP19 4RF

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Rhys Price

The Agent

Rhys Price
Associate

02920 346374
Ben Bolton

The Agent

Ben Bolton
Director

02920 346376

Specification

  • INDUSTRIAL
  • 3,163 sqft (294 sqm)
  • To let
  • £18,250 per Annum

Description

LOCATION
Newport Business Centre 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.

DESCRIPTION
The unit is a modern warehouse which benefits from steel portal frame construction with a minimum eaves height of 5.9 metres and maximum eaves height 7.1 metres.  The unit is accessed via a level roller shutter door (electric) (4 metres, height 5 metres) with external loading / circulation area.

The Business Centre provides occupants with 24-hour access and has CCTV surveillance.

AVAILABILITY
Total Gross Internal Area: 3,163 sq.ft. (293.85 sq.m)

TERMS
Unit B2 is available by way of a new Full Repairing and Insuring Lease for a term of years to be agreed.

RENT
£18,250 per annum (Excl.) VAT payable in addition.

RATES
Rateable Value to be re-assessed.
Contact Newport County Council for additional information.

SERVICE CHARGE
An estate maintenance charge is levied to cover the cost of the maintenance and upkeep of the common parts of the estate. Circa. £0.31p psf.

BUILDING INSURANCE
Building Insurance Premium details on request.

LEGAL COSTS
Each party responsible for their own legal and professional costs.

ENERGY PERFORMANCE CERTIFICATE
EPC is under reassessment.

FURTHER INFORMATION
For further information or to arrange a viewing please contact Rhys Price - 02920 346374

Or Joint Agents, Jenkins Best or Knight Frank

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.

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group