The City of Newport is located in a prime strategic location close to the border of England and Wales. It benefits from excellent access to the M4 motorway and wider motorway network and provides regular train services to London Paddington. The City has an immediate population of approximately 137,000.
The property is situated on Kings Lane, in Newport city centre. It is well located for serving the city centre but also provides easy access to the M4 at junctions 25, 26 or 27.
Surrounding occupiers include a car garage, a social club, restaurants and residential uses.
The property provides a two-storey building providing warehouse / workshop space on the ground floor with stores or offices at first floor.
Access is provided by roller double doors measuring 2.5m high by 2.85m wide. Single and 3 phase power is provided to the ground floor and there is also a WC at ground floor level. It is largely open plan space.
The first floor could potentially be used for a number of uses. It benefits from a wooden floor, exposed stonework walls and has the potential to have excellent natural light if windows are installed where they were previously.
The property provides the following approximate gross internal areas: -
Ground Floor 120.60 sq m (1,298 sq ft)
Upper Floor 122.90 sq m (1,323 sq ft)
Total 243.50 sq m (2,621 sq ft)
The property is available by way of new lease. Quoting rent is £7,000 per annum, exclusive. Alternatively, the freehold interest in the property is available for sale. We are quoting a price of £85,000, exclusive.
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Property Documents
The Factory, Kings Lane, Newport, NP20 2FE
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