Monks Brook, Newport, PO30 5XW

Light Industrial for sale

£75,000


Modern first floor office space available in a variety of sizes and configurations to lease.

LOCATION
Situated to the north of Newport town centre, the Island's County Town. The property is located in the Islands largest Industrial and business area and neighbouring occupiers includes the soon to be opened French Franks, Gurit, Vectawave Technology and the DVSA. St Cross Business Park is just opposite and houses occupiers such as NHS, Glanvilles Damant solicitors and The Care Learning Centre.

Newport is the hub of the Island and offers great links to Cowes and Ryde with easy access via passenger ferry to Southampton and Portsmouth. The car ferries at Fishbourne and East Cowes are also within a short drive.
DESCRIPTION
Offered to purchase is space in Block C, a modern unit offering first floor office space which is available in a variety of sizes and configurations.

Sizes range from starter units of some 900ft² (83.6m²) upwards in bay multiples, over one or two floors as appropriate suitable for a variety of occupiers, subject to any necessary consents.

The building is of a modern steel framed construction and is currently in a ‘shell finish’ however, our clients are prepared to consider a fit out to specific requirements from the current specification to a fully finished Grade A open plan office accommodation.

The site will be fully DDA compliant with services ready for connection.

The plan attached is for identification purposes only and is not to scale but shows the core areas that will serve the first floor via a lift, stairs and shared WCs.

Parking allowance is one space per 380 ft² (35.3m²) occupied.

TERMS
The units are available to purchase on the basis of 999-year ground leases (effective freeholds). Prices from £75,000 per single bay dependent on finish required.

OR

On new flexible leases, with rentals calculated from £8.50 per sq ft + VAT through to £12.50 per sq ft + VAT, subject to terms and specification by way of new commercial lease arrangements, subject to terms and effectively on a full repairing and insuring basis.

Rental applicants are asked to note that a variable service charge will apply to cover external areas and car parking, and in the event of an occupier having use of the main ‘Core’ facilities a further service charge will include servicing of shared internal areas.

Otherwise, the Landlord will insure the building with the tenant to pay their appropriate portion of the premium.
OUTGOINGS
The property will need to be re-rated upon occupation by the VOA.
VAT
VAT is payable on this property.
SERVICE CHARGE
To be confirmed.
VIEWING
All viewings to be arranged via HRD Commercial on 01983 527727 or Scotcher and Co 01983 822288.

Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.

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Here to Help

Mark Rhodes

Director

Lisa Mercer

Manager

Rhys King

Surveyor

Janet Morter

Negotiator

Laurie Calloway

Property Consultant

Edwina Grist

Administration

Tel: 01983 527727 Email Us: [email protected]