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Leisure Facility for sale

Blackwater Road, Newport

Removed £750,000

Property Description

Full description

Tenure: Freehold

Newclose County Cricket Ground [NCCG] + hotel site is set in rolling countryside in the centre of the Island, c.2.4 miles south of Newport town centre, with excellent road access via the A3020 Blackwater Road. The River Medina lies immediately to the west.

Newport is the Island´s county town, benefitting from all usual amenities.
The Island has a resident population of c.140,000 persons and very high visitor numbers (2015: 2.3 million / 1.4 million excluding business trips and those visiting friends and family [source:]).

The NCCG + hotel site extends to c. 8.825 hectares (21.8 acres) with extensive frontage to the A3020.

NCCG was purpose built in 2008 and is a recognised ECB Gold Standard facility, with a playing surface larger than Lords, including a well-drained outfield and good and true wicket, Pavilion, all weather training nets, ground covers, sightscreens, electronic scoreboards, further equipment and parking.

The Pavilion has large elevated viewing areas and comprises lounge, offices, meeting rooms, changing rooms, bar and 100 cover restaurant. There is planning consent for a Health and Fitness suite in the undercroft and further offices, function rooms and boxes on the first floor, with lift access.

A lined Marquee equipped with kitchen and services offers a further 320 covers for entertaining.

Full planning consent is in place for this. Adjoining land may be available separately for additional grass parking for 2,500 cars (planning approved) - please enquire.

A solar array provides carbon and cost neutral energy for the entire facility.

The northern part of the site benefits from an outline planning consent for a 60 bedroom 4 star hotel development (P/00763/13 - TCP/02068/W).

Newport CCG and hotel site is for sale freehold.
The cricket facility is let at a peppercorn to Newclose County Cricket Ground Ltd on a 25 year contracted out lease from 1 January 2007. (edged yellow on the aerial plan) The hotel site is unfettered.

Our client is seeking offers in excess of £750,000 subject to VAT if applicable (tbc).

We understand the property is included in the 2010 valuation list with a Rateable Value of £11,500. The UBR for 2016/ 17 multiplier is £0.484 in the pound, making £5566 rates payable before any reliefs.

The northern part of the site benefits from an outline planning consent for a 60 bedroom 4 star hotel development (P/00763/13 - TCP/02068/W).

Strictly by appointment with HRD Commercial (Nick Callaghan/ Lisa Mercer) or joint sole agent Savills Commercial (Adam Bullas/ Kevin Marsh (023 8071 3900).

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