Monks Brook, Newport, Isle Of Wight, PO30

Location

The property is located in Newport on the Isle of Wight, to the south of the UK mainland and some 4 miles off the coast of Hampshire.
Newport is the County Town and administrative centre for the Island and, as such, is constantly busy. The town is centrally situated on the Island, approximately 5 miles south of Cowes via the A3020, 8 miles west of Ryde via the A3054 and 10 miles east of Yarmouth via the A3054.
Vehicle and passenger ferry crossings to and from the mainland go from East and West Cowes to Southampton with a journey time of 1 hour by the Red Funnel vehicle and passenger ferry and 20 minutes via the Red Jet Hi-Speed Passenger Service. The Yarmouth to Lymington ferry journey time is approximately 40 minutes and Ryde to Portsmouth via Hovertravel's Hovercraft is 15 minutes and via the Wightlink FastCat is 22 minutes. The Fishbourne to Portsmouth vehicle and passenger ferry journey time is about 45 minutes.
Newport is now generally considered the main commercial centre on the Island.

Situation

The property is located at the heart of St. Cross Business Park, enjoying good connections to the rest of the Island, and to the mainland beyond via the ferry services. Nearby occupiers include Vestas Offshore Windblades UK Ltd, Eurocell, Howdens, Toolstation, Gurit, the NHS, Rheinmetall, Johnson Electrical, Southern Housing Group, Glanvilles Damant Legal Services and Screwfix, amongst others.
St. Cross Business Park presents a modern high-profile image and is linked to Newport Town Centre via other industrial and trading estates at Dodnor and Riverway.

Description

The unit was constructed in 1999, and comprises a detached purpose-built steel portal framed industrial unit with a steel profile clad roof and part clad, part brick elevations and polished, floated concrete floors. It benefits from 4 loading doors, minimum 7.5m eaves rising to 11m at the apex, and ancillary office accommodation.
The property has most recently been used for manufacturing and associated storage, but we consider it suitable for a range of distribution, industrial and warehouse uses.
Externally there is parking for 70 cars to the north of the site. The unit is served by 2 access points, one of which is shared.
The developed site area extends 2.8 acres (1.13 ha) and the site coverage is 44%

Rent and Lease Terms

The property is available by way of a new FRI lease for a term to be agreed, at an asking rent of £305,000 per annum (approx. £5.26 per sq ft).