Single Let Industrial Investment

169,681 sq ft of well specified warehouse premises ideally suited for logistics with generous parking areas and loading bays. Strategically situated in Central Newport, directly adjacent to the A48 with excellent access to Junctions 23 - 28 of the M4 motorway and the Newport Docks. Site area of 10.30 acres (4.17 hectares) producing a low site coverage of 37%. An attractive 7m minimum eaves height over the majority together with 6 Roller Shutter Doors and 18 Loading Bays with Dock Level Access. The property is single-let. The Lease expires on 20/07/2033 (9.74 years unexpired). Producing £890,825.25 per annum (reflecting a low rent of £5.25 per sq ft). The rent looks significantly reversionary with £8.75 per sq ft being achieved for new build 50,000 sq ft + units at the nearby St Modwen Park in Newport. Owens are a well established logistics company who are growing fast and have a D&B rating of 4A1. Low Capital Value of £69.71 per sqft, which is significantly below replacement cost