£1,100,000 /Sale price

DescriptionUnit 2 provides a steel and concrete frame warehouse with corrugated asbestos roof. Two floor internal office accommodation and customer reception area. There are two ground level loading doors at side elevation, both fronting on to a large yard / parking area which could be secured.LocationThe unit is located just of Stephenson Street on Mariner Way, an established industrial distribution area approximately 1.5 miles from Newport City Centre and which provides ease of access to the A48 and subsequently to the M4 motorway within 10 mins, via junctions 24 to 28. Surrounding occupiers include Hydra flow, Royal Mail, Cogent Power and Owens Group.ViewingsPlease contact sole agents, Savills.TermsThe long leasehold is available to purchase for a term expiring 21 June 2095 (70+ years unexpired).There is a ground rent payable, currently £586.52 per annumPriceOffers sought in excess of £950,000 excluding VAT for the long leasehold interest.Business RatesThe rateable value to Unit 2, Felnex Industrial Estate is:Rateable value £42,700Based on 1st April 2023 valuation