Celtic Springs Day Nursery, Celtic Springs Business Park, Spooner Close, Newport, NP10
- SIZE
9,200 sq ft
855 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Air Conditioning
- Car parking spaces
- Investment
- Reception
- Toilets
- Town/City
- Enclosed Garden Area
Description
The property is of steel frame construction, originally designed as Grade-A office space but was subsequently utilised as a private children's day care centre. The property comprises 9,200 sq ft over two storeys, with a floor to ceiling height of 2.75m.
• Freehold, modern, long let index linked Nursery Investment.
• Prominent commercial location on Celtic Springs, Newport's premier business park, with surrounding occupiers including Airbus, Microsoft, NHS, Welsh Water and Wales & West Utilities.
• Porsche are currently relocating to a new, state of the art location on Celtic Springs Business Park. Their new facility will be home to over 100 employees.
• Well located in a prominent location off Junction 28 of the M4 Motorway. 3.4 miles from Newport City Centre on the arterial route between the city and Cardiff (immediately to the west). This is a popular commuter route and ideal location for the facility.
• 9,200 sq ft of modern flexible accommodation originally designed as a Grade A office.
• Newport forms part of the Cardiff Capital Region with a population of 1.5m.
• Let to The Dean Close Foundation on a new 20-year lease from 1st February 2023 with no Tenant break option.
• 5 yearly RPI rent reviews, capped at 5% and collar at 2% - compounded annually.
Seeking offers in excess of £2,550,000 (Two Million, Five Hundred and Fifty Thousand Pounds) reflecting an attractive Net Initial Yield of 5.50%, after deducting purchaser's costs of 6.96%.
The City of Newport is Wales' third largest city and is strategically located on the M4, close to the England and Wales border. It benefits from excellent access to the M4 and M50 motorways which service wider motorway networks to West Wales, The Midlands and South West England.
Additionally, the city benefits from regular train services to London Paddington with a short journey time of 1hr 45 mins. The City has an immediate population of approximately 145,000 but with a much larger catchment within a 30 minute drive time.
Newport is undergoing one of the largest regeneration programmes in the UK. Projects to date have delivered huge transformation, creating significant business opportunities, and positioning the city as one of the leading centres of the Cardiff Capital Region.
Brochures
More DetailsLittle Trees Day NurEnergy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Celtic Springs Day Nursery, Celtic Springs Business Park, Spooner Close, Newport, NP10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Pye Corner Station1.6 miles
- Newport (S. Wales) Station2.8 miles
- Rogerstone Station2.9 miles
About the agent
Knight Frank, Cardiff - Commercial
3 Assembly Square Britannia Quay Cardiff CF10 4PL
Knight Frank is the leading independent, global real estate consultancy providing an integrated prime commercial and residential offering, operating in key hubs across the globe.
Headquartered in London with 244 offices, employing more than 7,067 professionals and spanning five continents, Knight Frank provides the highest standards of quality and integrity in global residential and commercial property advisory services. Our reputation for uncompromising professionalism in everything we
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Visit our security centre to find out moreDisclaimer - Property reference CAC012367312. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Knight Frank, Cardiff - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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