£299,950

Office for sale

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Under offer

Offers over

£299,950

(£98.12/sq. ft)

Office for sale

Willenhall Street, Newport NP19

3,057 sq. ft

Local area information

Property location

Nearby amenities

  • St Andrew's Primary School 0.4 miles
  • Eveswell Primary School 0.4 miles
  • Newport (South Wales) 1.1 miles
  • Newport (S Wales) Ferry Terminal 1.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Investment Property for Sale
  • Currently let to Blue Cross until 21 September 2023
  • Low passing rent of £19,500 pa
  • Asset management options to regear / relet / repurpose
  • Approximately 3,057 Sq Ft (283.96 sq m)
  • Seeking offers in excess of £299,950 exclusive
Location

The City of Newport is located in a prime strategic location close to
the border of England and Wales. It benefits from excellent access to
the M4 motorway and wider motorway network and provides regular
train services to London Paddington. The City has an immediate
population of approximately 137,000.
The property is located on Willenhall Street, which is just off
Corporation Road. Corporation Road being one of the main arterial
routes into Newport City Centre. Access to the M4 Motorway is 2
miles away. Nearby occupiers include the Rugby Surgery, Flying
Start, date Electronics Supplies and bj Security.
Description

The property is a two-storey building formerly used and a doctors
surgery and currently being used as an animal clinic. The
accommodation is largely cellular but with the potential for open plan
accommodation.
The building benefits from, gas central heating, single and 3 phase
power, fire alarm, security alarm and CCTV. A mixture of strip and
spot lighting, partly carpeted and partly non-slip vinyl floors. In
addition to a large reception area and numerous consultation rooms, there is a kitchen, toilets and shower facilities. Part of the first floor
hasn’t been “fitted out” and is currently used for storage purposes.
Externally, the property provides two separate car parking areas
available to the rear of the property, one of which is gated and fenced.
Approximately 20 spaces are provided in total. There is also an
undeveloped piece of land at the northern boundary of the site.
Accommodation

Ground Floor 206.78 sq m (2,226 sq ft)
First Floor 77.18 sq m (831 sq ft)
Total: 283.96 sq m (3,057 sq ft)
Tenancies

The property is let to Blue Cross on a Fri lease, subject to a schedule
of condition, expiring on 21st September 2023. The current rent is
£19,500 per annum, exclusive.
We understand that the current tenant is potentially interested in
staying but no further conversations have taken place.
Asset management opportunities

We think the property provides a number of asset management
angles to include:-
• Regear lease with existing tenant
• Relet the property to alternative user at higher rent
• Consider alternative uses for the building
Tenure

We understand the property is held freehold. We have been asked
to seek offers in excess of £299,950

More information

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